Australian Dollar/US Dollar FX Spot Rate

BUSINESS

Asia markets fall amid unrest in China over Covid restrictions

Other currencies also at risk due to China unrest: Standard Chartered Global currencies will also be at risk of weakening along with the offshore Chinese yuan amid unrest in China on its zero-Covid policies because of how supply chains may be affected, according to Standard Chartered. “The key question for how the world reacts is […]

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BUSINESS

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; U.S. markets closed

Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China fell more than 4%, Wynn Macau lost 2.5%, Sands China fell 3%, and SJM […]

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BUSINESS

Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed

JD.com shares drop after company cuts senior management pay Hong Kong-listed shares of JD.com traded more than 5% lower in the afternoon after the company confirmed pay cuts of its senior management team. The Chinese e-commerce giant confirmed that it will slash the cash salaries of its senior management team by up to 20%, effective […]

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BUSINESS

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see “low growth” next year, not a recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to see “low growth” of under 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the central bank […]

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BUSINESS

Stocks drop after the Fed signals more hikes ahead

Investors should remain cautious about unverified notes on China reopening: Credit Suisse Investors need to “remain cautious” about unverified notes circulating on social media hinting at a potential China reopening early next year, a strategist at Credit Suisse said. “I think, judging from different angles with a lot of news flows — especially the unverified […]

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BUSINESS

Hong Kong stocks slip; Asia markets mixed ahead of Fed rate decision

Oil prices rise following industry report of fall in U.S. crude inventories Oil prices rose on Wednesday as persisting demand in spite of high interest rate hikes, industry reports showed a drop in U.S. crude inventories, Reuters reported citing American Petroleum Institute figures released on Tuesday. Brent crude futures gained $1.31, or 1.46%, to stand […]

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BUSINESS

Stocks higher ahead of RBA decision; Caixin PMI below 50

China’s factory activity shrank for a third consecutive month in October, private survey says The Caixin manufacturing Purchasing Managers’ Index for October showed that factory activity contracted for the third month in a row. The reading came in at 49.2, compared with expectations for a print of 49. In September, the manufacturing PMI was at […]

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BUSINESS

Stocks lower, Japanese yen nears 150 per dollar

Japanese yen nears 150 against the U.S. dollar The Japanese yen edged close to 150 against the greenback, at levels not seen since August 1990. It was last at 149.94 per dollar. The yen hovered around 159.8 levels in April 1990, and last breached 160-levels in December 1986. Japanese officials commented against further weakening of […]

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BUSINESS

Asia-Pacific markets rise after Wall Street jump; yen near 149-levels

A man in a mask is seen in front of The Australian Stock Exchange logo on March 13, 2020 in Sydney, Australia. Jenny Evans | Getty Images Shares in the Asia-Pacific traded higher on Tuesday after Wall Street’s rally overnight. In Australia, the S&P/ASX 200 gained 1.68%, leading gains in the wider region. The Reserve Bank […]

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