The yen weakened as risk-on positioning unravelled in Asian trade. Stocks in Asia rallied strongly following forecast-beating Q4 GDP data out of Australia, a fresh injection of cash into Chinese money markets by the PBoC, which also set the yuan reference rate weaker for a second day, and a solid rally on Wall Street yesterday following a better-than-expected manufacturing ISM survey. ECB boss Draghi also re-aired dovish rhetoric, saying that inflation dynamics continue to be below expectations, priming market expectations for more stimulus at the Mar-10 meeting.
from RSS Feed http://ift.tt/1TmXRMI
via IFTTT
No comments:
Post a Comment