Bearish bets soften on Asian FX as US dollars eases
Investors trimmed bearish bets on most Asian currencies. This is because the dollar weakened on hopes of a temporary pushback in the Federal Reserve’s tapering timeline, while sentiment on the Indian rupee turned marginally bullish. Investors unwound their bearish bets on the Indian rupee to be slightly bullish. 0.2% in August were appreciated by the […]
Dollar, US yields gain, Asian shares held back by delta worries
The dollar and U.S. yields extended gains in Asia, spurred by tapering talk, while Asian shares traded sideways on fears about the spread of the coronavirus despite a record close on Wall Street. The dollar index rose to its highest since mid-July, gaining against the yen, while the euro neared year-to date lows against the […]
Asian bank’s trials with tokenized securities stuck in silos – industry body
Asian financial regulators should do more to support large-scale trials of tokenized securities, said an industry body. This is because banks and technology firm’s current experiments are stuck in different silos and that hinders the pace of change. Tokenized securities are products like shares and bonds. Their ownership proof is recorded on a distributed ledger. […]
Asia shares falls on worries over inflation, Fed outlook
Asian shares declined in early trade as Wall Street retreated on worries about accelerating inflation. This prompted investors to cut back on their exposure to growth-focused stocks on bets of higher interest rates in the not-too-distant future. A host of Federal Reserve speakers will likely to give markets plenty to consider as policymakers assess how […]