Currencies of emerging country are preparing for a rise on the weekly basis


Emerging market currencies in Asia have increased weekly with Yellen’s speech.  Fed chairman Janet Yellen‘s explanations supporting the emerging country’s assets caused the rise in currencies. The Index of Regional Banks has advanced to the best 5-day increase since March while the Bloomberg Dollar Index fell for four days.

In China, the onshore and offshore yuan advanced during the week. 10-year bond interest increased by 1 base point to 3.573%. The decline this week was 3 base points. The Hang Seng index increased on the fourth day, while the Shanghai Stock Exchange fell for the fourth time in 5 days.

South Korea won has made the biggest weekly increase since March, boosting the Central Bank’s growth forecast. The 10-year bond yield increased by 2 basis points to 2.26%, while the Kospi index rose on a weekly basis.

Foreigners bought $ 865 million worth of bonds yesterday, with $ 3.7 billion in arrivals this week. The Indonesian rupee has moved up to its biggest increase since April, 10-year horizons have declined and 18-bps week-on-week. The Jakarta Stock Exchange is down today, and on a weekly basis it has been flat.

Malaysian ringiti progressed in the first weekly rise of one month. FTSE Malaysia KLCI Index is ready to complete the loss for the 4th week. The interest rate for 10 years rose by 1 basis point to 3.99%.

The Thai baht has advanced to the best weekly increase since May. While the SET Index fell, the interest rate for 10 years was 2.48%.

The Philippine peso was ready to complete the loss of the 5th week; the Stock Market fell on the 2nd day. In a note sent out by the Bank of Tokyo-Mitsubishi, the US reported that the CPI could slow down even if the retail sales force was able to slow down.

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Lol Lol
0
Lol
Like Like
0
Like
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Currencies of emerging country are preparing for a rise on the weekly basis

log in

Become a part of our community!

reset password

Back to
log in