SUBSCRIBERS
Commodity rout hits emerging Asian currencies
Published Wed, Dec 9, 2015 · 09:50 PM
Singapore
MOST emerging Asian currencies eased on Wednesday as a rebound in oil prices failed to ease concerns over a commodity rout that has renewed concerns about global deflationary pressures, a risk brought home by China's tame inflation data.
In onshore trade, the Chinese yuan slid to its weakest against the dollar since Aug 26 after the People's Bank of China set its daily guidance rate at a four-year low.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street bulls say stock rally can resume even without rate cuts
WTI expected to continue pullback before rebounding
Yen tumbles to 34-year low; US dollar gains after inflation data
Singapore banks unlikely to surprise at Q1 earnings, but expect upside from delayed rate cuts: analysts
Fed repricing gives rise to new equities playbook in Asia
Dasin Retail Trust’s creditor to repossess director’s properties over loan default