Bengaluru — Emerging-market currencies slipped on Friday as investors assessed implications of the US Federal Reserve’s neutral message, while stocks were headed for their second weekly drop in a row amid thin holiday trade in Asia.
“The data shows impact of very depressed domestic demand conditions,” said Timothy Ash at Blue Bay Asset Management. “Some will also focus on the continued maintenance of price controls and question how accurate or realistic these inflation numbers are now.” Falling oil prices have benefited crude importer India’s rupee while export major Russia’s rouble tread water.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: Banks and financials gain despite fall in randThe all share gained 0.37% and the top 40 0.42% with banks and financials standing out as the biggest contributors
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE slips ahead of data-heavy weekVolumes on the local bourse were low on Monday, ahead of a busy week in terms of global economic news, as well as Wednesday's public holiday
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »