Asian equities go up, greenback extends its revival

Asian equities go up, greenback extends its revival

On Wednesday, Asian equities managed to grow, while the evergreen buck soared because market participants shifted their focus to the minutes of the Fed’s last policy gathering for clues on the future tempo of American monetary tightening.

However, spreadbetters expected European equities to follow Wall Street's example and start lower too, with Britain's FTSE diving 0.3%, and Germany's DAX along with France's CAC both diving 0.6%.

MSCI's index of Asia-Pacific equities tacked on 0.7% having dived following the American market drops that snapped a six-session winning marathon.

Some market participants in Asia are getting back from the Lunar New Year break. They’re naturally attempting to catch up having noticed the American share markets had been gaining during their absence.

On Thursday, trading in China’s financial markets is going to resume after being unavailable for the last week due to the Lunar New Year.

Japan's Nikkei pared earlier revenues, although held on to conclude the trading day with a 0.2% leap.

Australian equities stood still, South Korea's KOSPI managed to grow 0.55%. The Hang Seng added 1.2% in Hong Kong.

American Treasury revenues rallied because the bond market is set for this week's $258 billion rise of fresh government debt. By the way, the two-year bill revenue hit 2.282%, demonstrating the most impressive outcome since September 2008.

Soaring government borrowing has put pressure on Treasury revenues. The Treasury Department has rolled out more debt hoping for a higher deficit from the previous year's key tax overhaul as well as a budget deal, which is going to step up federal spending for the next two years.

The US currency derived benefits from the higher revenues, with its index versus a group of six leading currencies soaring to a one-week maximum of 89.904.

The Australian dollar dived 0.4% being worth $0.7852, the New Zealand dollar sank 0.2% reaching $0.7333.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera