On Monday, the US dollar index plunged from 96.40 to 95.70.
China January factory surge steps down to eight-month minimum on pollution war
In January, surge in China's manufacturing sector stepped down more than anticipated, hitting an 8-month minimum amid a cooling property market as well as tighter pollution regulations, which have affected factory output.
The data that gives global market participants their first look at business conditions in this Asian country in the beginning of this year, underpinned the view that the Chinese economy is already losing steam after ascending by a better-than-anticipated 6.9% in 2017.
Published on Wednesday, the official Purchasing Managers' Index slumped to 51.3 in January versus December’s reading of 51.6. However, it stood above the 50-point mark, traditionally separating surge from descend on a monthly basis.
Market experts polled by Reuters had predicted that the headline number would go down a bit to 51.5.
In January, a separate PMI on the steel industry tacked on to 50.9 versus December’s reading of 50.2.
The vast majority of Japanese companies back loosening the country's tough immigration system aimed at coping with a terrible labor shortage, although they appreciate skilled employees capable of fitting into the Japanese workplace, and not an invasion…
5 important things you need to know about this week!
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…