TOKYO : Asia shares rallied on Thursday, following Wall Street's lead, and the dollar held just off a two-month high versus the yen amid signs Washington might be close to a deal to raise the debt ceiling and avert a first-ever default.
"History, of course, tells us that a deal is more likely than not to be reached on the 11th hour, suggesting there is still room for a few bad headlines," he added, noting as a case in point."Treasury has almost run through all of its authorised extraordinary measures to keep paying the bills." Long-term U.S. Treasury yields eased back slightly in Tokyo after rising to the highest since March 1 at 3.589 per cent in New York.
The Chinese currency, also known as the renminbi , is under pressure from a string of weak data that suggested Asia's biggest economy may have already passed the peak of its post-COVID recovery.
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Asian stocks follow Wall Street higher amid debt ceiling optimismTOKYO : Asia-Pacific share indexes rallied on Thursday, following Wall Street's lead, and the dollar held just below a two-month high versus the yen amid signs the United States might be close to a deal to raise the debt ceiling and avert a disastrous default.On Wednesday, President Joe Biden and top U.S.
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