Currencies have been relatively stable, despite fresh decline in Asian stock markets, where Australia's ASX index today joined Japan's Nikkei in entering official bear market territory by exceeding declines of more than 20% from the cycle peak. Oil prices have managed a 2%-plus rebound, recouping some of yesterday's hefty losses, though there is little to suggest any change in underlying bearish fundamentals. USD-JPY has remained heavy, but has held above yesterday's 114.20 low, which is the lowest level seen since November 2014.
from RSS Feed http://ift.tt/1SHGKoA
via IFTTT
No comments:
Post a Comment