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Asian stocks are expected to have a mixed start on Tuesday as investors await new catalysts after US markets were closed for a holiday. Futures for equity benchmarks in Australia and Japan are relatively unchanged, while those for Hong Kong have moved up. China's mainland gauges were higher on Monday, indicating continued support from state-backed funds. Interest rate expectations are also in focus, with swaps now pricing in fewer Federal Reserve rate cuts in 2024. Other potential market catalysts this week include earnings reports from BHP Group and Nvidia Corp, as well as the release of Fed meeting minutes and Eurozone inflation data. [Extracted from the article]

Asian shares traded mixed as positive Chinese holiday data failed to support earlier optimism. The CSI 300 Index rebounded from losses while Chinese shares in Hong Kong remained on the back foot. Traders are now looking for further policy support across China's monetary and fiscal space, in addition to a cut in the reserve requirement ratio already undertaken. Concerns over China's economy also led iron ore to tumble after five days of gains. Japan's Tokyo Stock Price Index rose, with bank shares leading the gains. The yen strengthened to around 150 per dollar with the greenback weakening against some of its Group-of-10 peers. Oil slid from the highest level in three weeks as lingering concerns over the demand outlook offset ongoing Middle East tensions. US and global stocks are yet to respond to the sell-off in Treasuries this month as a string of better-than-expected economic data drove traders to roll back their once-aggressive rate-cut bets so much that their expectations are now approaching the Fed's own 75 basis-point forecast this year. Goldman Sachs Group Inc. expects the rally in the US to continue, with the S&P 500 reaching 5,200 by year-end as the resilient US economy drives company profit growth. For JPMorgan Asset Management, US stocks are priced for perfection amid "healthier" market momentum since the beginning of the year. This week, traders will be keeping an eye on European inflation data as well as earnings from Nvidia Corp. and mining giants BHP Group Ltd and Rio [Extracted from the article]

"We were profitable in our core business in all 14 markets in 2020", says Alexander von zur Mühlen, chief executive for Asia Pacific at Deutsche, and a member of the management board. One of the fashions of Asia-Pacific banking this year has been to point with pride to one's geographical diversity. There is a key chart to explain Deutsche in Asia, one that von zur Mühlen presented at the bank's global investor day in December. [Extracted from the article]

Steel billet prices in Asia took a hit in the week to Thursday May 25 due to the softened Chinese yuan and sharp decline in Chinese ferrous futures, sources told Fastmarkets. [ABSTRACT FROM AUTHOR]

The Shanghai Shenzhen CSI 300 Index fell for a fifth day, while the Hang Seng China Enterprises Index headed for its lowest close in five weeks. (Bloomberg) -- Losses in Chinese shares dragged down Asia's equities as investors assessed whether the nation's reopening story still has room to run amid economic and geopolitical headwinds. [Extracted from the article]

Keywords: %CNH; %CNY; ALLTOP; ASIA; ASIATOP; BNK; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN %CNH %CNY ALLTOP ASIA ASIATOP BNK BUSINESS CHINA COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH7RHJT0AFB6 The People's Bank of China set its daily yuan reference rate at stronger-than-expected levels this week, signaling its desire to slow the pace of the currency's drop. %CNH, %CNY, ALLTOP, ASIA, ASIATOP, BNK, BUSINESS, CHINA, COS, FIN, FRX, GLOBALMACR, GOV, INDUSTRIES, MARKETS, NORTHAM, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPAS, WWTOPEU. [Extracted from the article]

One-month dollar-yuan risk reversals dropped to the lowest since July, indicating bearish sentiment toward the yuan is easing. Keywords: %CNH; %CNY; OCBC@SP; ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; FRX; FRXTOP; GLOBALMACR; GOV; INDUSTRIES; MARKETS; MKTTOP; REL; TOP; WORLD EN %CNH %CNY OCBC@SP ALLTOP ASIA BUSINESS CHINA COS FIN FRX FRXTOP GLOBALMACR GOV INDUSTRIES MARKETS MKTTOP REL TOP WORLD RH7A3GT0AFB4 (Bloomberg) -- China once again pushed back against yuan weakness through its currency fixing as it braced for a potential surge in the dollar following the Federal Reserve's Jackson Hole symposium on Friday. [Extracted from the article]

"Asian currencies are likely to soften against the USD as markets fret over risks of a higher US terminal rate, but a likely easing in the pace of Fed rate hikes should cushion against sustained depreciation." Terminal Rate Fears "While Powell raised the possibility of downsizing rate hikes as soon as the next meeting, he also said that the terminal rate could be higher amid labor market strength", said Chang Wei Liang, macro strategist at DBS Bank in Singapore. [Extracted from the article]

When the yuan and yen both fall, "the pressure can translate to dollar buying and hedging demand for those exposed to emerging-market currencies", she said. The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. The yuan slid past its own key level of 7 per dollar earlier this month, under pressure from the hawkish Fed and slowing growth in China caused by Covid-Zero lockdowns and a property-market crisis. [Extracted from the article]

When the yuan and yen both fall, "the pressure can translate to dollar buying and hedging demand for those exposed to emerging-market currencies", she said. The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. The yen tumbled passed 145 per dollar for the first time in more than two decades Thursday after US-Japan monetary policy divergence widened further when the Fed raised interest rates for a fifth straight meeting the day before. [Extracted from the article]

Recent policy change helps add more liquidity to Asia's dollar loan market, while pushing the global use of the renminbi [ABSTRACT FROM AUTHOR]

Keywords: %CNH; %CNY; ALLTOP; ASIA; ASIATOP; BON; BUSINESS; CHINA; FRX; GLOBALMACR; GOV; MARKETS; TOP; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN %CNH %CNY ALLTOP ASIA ASIATOP BON BUSINESS CHINA FRX GLOBALMACR GOV MARKETS TOP WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU China sent its most powerful signal yet on its discomfort with the yuan's weakness by setting its reference rate for the currency with the strongest bias on record. RHK3ZQDWLU68 (Bloomberg) -- China sent its most powerful signal yet on its discomfort with the yuan's weakness by setting its reference rate for the currency with the strongest bias on record. [Extracted from the article]

The article presents an outlook for Asian currencies for 2010. It forecasts that Asian currencies are projected to appreciate during the forecast period. It predicts that the foreign exchange invention will still be used as a currency method for the year. Moreover, it discusses the appreciation of renminbi against the U.S. dollars and consumer price inflation.

Keywords: ALLTOP; ASIA; BON; BUSINESS; CMD; EUROPE; EXE; FRX; GEN; GLOBALMACR; GOV; MARKETS; MKTTOP; NORTHAM; STK; STKTOP; TOP; US; WORLD; WRP; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN ALLTOP ASIA BON BUSINESS CMD EUROPE EXE FRX GEN GLOBALMACR GOV MARKETS MKTTOP NORTHAM STK STKTOP TOP US WORLD WRP WWTOP WWTOPAM WWTOPAS WWTOPEU A global stock rally paused in Asia on Friday amid a tumble in bond yields triggered by scaled back expectations about the likely pace of monetary-policy tightening to quell inflation. R22QKST1UM0W (Bloomberg) -- A global stock rally paused in Asia on Friday amid a tumble in bond yields triggered by scaled back expectations about the likely pace of monetary-policy tightening to quell inflation. [Extracted from the article]

R2187DT0AFBE (Bloomberg) -- China's local bonds joined a dramatic selloff in property debt that has roiled the offshore market this week. The company is China's third-largest dollar debt borrower among developers, with more than $11 billion of dollar bonds outstanding. Keywords: 1638@HK; 3883@HK; 600823@CH; 813@HK; ALLTOP; ASIA; ASIATOP; BON; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; HK; INDUSTRIES; MARKETS; REL; STK; WORLD; WWTOP; WWTOPAS EN 1638@HK 3883@HK 600823@CH 813@HK ALLTOP ASIA ASIATOP BON BUSINESS CHINA COS FIN FRX GLOBALMACR HK INDUSTRIES MARKETS REL STK WORLD WWTOP WWTOPAS China's local bonds joined a dramatic selloff in property debt that has roiled the offshore market this week. [Extracted from the article]

China's commercial banks bought a net173.7 billion yuan ($27.2 billion) of the local currencyfor clients in September, suggesting mainland individualsand corporates prefer to hold the yuan over foreignexchange. (Bloomberg) -- The yuan has defied a slew of risks to topthe rankings of Asian currencies so far this year. [Extracted from the article]

The article focuses on the decline of the dollar in the United States under President George W. Bush. Between the February 2002 peak and the December 2004 low in the value of the dollar, the American dollar lost 35 percent of its value against the euro, 22 percent against the Japanese yen and even 24 percent against the Canadian dollar. The major reason for the dollar's weakness is the profound imbalance in America's dealings with the outside world: We import far more than we export. The trade accounts slipped into the red in 1976, and the deficit has been getting steadily larger. Lately, the task of financing American deficits has fallen to the central banks of Asia, whose dollar assets (mostly U.S. government bonds) now collectively surpass $1 trillion. China has successfully kept the value of its currency, the yuan, unchanged against the dollar--and kept Chinese exports growing mightily. Markedly higher interest rates would almost certainly knock the stuffing out of the housing market, ending the wonderfully stimulative game of borrowing against home equity, and tip the broad economy into recession.

Keywords: ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; ECOTOP; FRX; GLOBALMACR; GOV; MARKETS; TOP; WORLD; WWTOP; WWTOPAS EN ALLTOP ASIA ASIATOP BUSINESS CHINA ECOTOP FRX GLOBALMACR GOV MARKETS TOP WORLD WWTOP WWTOPAS China's exports in yuan terms grew at a faster pace in June than the previous month, helping to underpin the economy's recovery. QW5UM3T0G1KY (Bloomberg) -- China's exports in yuan terms grew at a faster pace in June than the previous month, helping to underpin the economy's recovery. [Extracted from the article]

Keywords: %CNH; %CNY; 3908@HK; ALLTOP; ASIA; ASIATOP; BON; BUSINESS; CHINA; FRX; GOV; MARKETS; NORTHAM; STK; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN %CNH %CNY 3908@HK ALLTOP ASIA ASIATOP BON BUSINESS CHINA FRX GOV MARKETS NORTHAM STK TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Chinese assets are losing their shine after an impressive start to the year, overshadowed by a stronger dollar, higher U.S. Treasury yields and a domestic campaign to cut financial risk. "People believe the U.S. economy will recover strongly in the next two years and that's what stocks and bonds have been pricing in." Zhou said he expects the yuan to weaken to 6.83 per dollar by the end of this year, from around 6.56 Friday. [Extracted from the article]

The RBI has no internal target on forex reserves, Governor ShaktikantaDas said last week, while reiterating the central bank's aim to keep therupee stable. (Bloomberg) -- The Indian rupee, Asia's best-performing currency in March, isgoing toslide right back to levels last seen in the depths of the pandemicmeltdown, according to Parul Mittal Sinha at Standard Chartered Plc. [Extracted from the article]

(Bloomberg) -- The Indian rupee, Asia's best-performing currency in March, is going to slide right back to levels last seen in the depths of the pandemic meltdown, according to Parul Mittal Sinha at Standard Chartered Plc. "We expect the rupee to weaken in FY22 amid higher commodity prices, normalizing imports, increasing inflation, and continued central bank intervention", said Sinha, who has spent more than a decade trading currencies and rates in London, Singapore and India. [Extracted from the article]

Recent policy change helps add more liquidity to Asia's dollar loan market, while pushing the global use of the renminbi [ABSTRACT FROM AUTHOR]

The article discusses Asian currencies. The 2007 report by Chang Shu, Nathan Chow, and Jun-Yu Chan at the Hong Kong Monetary Authority on the influence of China's yuan on other regional currencies is explored. The "yuan block" in which the neighbours and rivals of China don't allow their currencies to rise against China's yuan or they could lose it as a customer, or lose out to it as a competitor, is discussed.

(Bloomberg) -- Asian stocks and U.S. equity futures dropped, while the yen and Treasuries advanced, as optimism over policy stimulus gave way to recovery concerns caused by rising infection numbers in some locations. S&P 500 Index futures retreated after the index swung between gains and losses for most of Wednesday on light volume before closing in the red. [Extracted from the article]

"Bearing in mind that the market is currently holding long dollar positions, speculation of lower Fed interest rates has the capacity to take some steam out of its current buoyant tone", said Jane Foley, a senior foreign-currency strategist at Rabobank. In the long run, the dollar's haven status is intact, "given its function as a transaction currency, liquidity and positive yield", Foley said. [Extracted from the article]

(Bloomberg) -- The Thai baht's heady gains are petering out, thanks to slowing growth and a central bank that's bent on taming the currency's strength. The baht may continue this underperformance if U.S.-China trade relations improve further as Bloomberg's analysis of 19 emerging-market currencies shows it's among those that are least responsive to the yuan's move. [Extracted from the article]

(Bloomberg) -- Asian stocks climbed after the Trump administration de-escalated its trade war with China, providing relief to risk assets that had been under pressure earlier in the week. Japan shares also rose after the S&P 500 Index had its biggest intraday gain in more than two months. [Extracted from the article]

"The baht may continue to outperform", said Jitipol Puksamatanan, chief strategist at Krung Thai Bank Pcl, which was the second most-accurate forecaster for the currency last quarter in Bloomberg rankings. When the yuan goes down, "the baht will get dragged lower, too", said Michael Every, Hong Kong-based head of Asia financial markets research at Rabobank, which was the most accurate forecaster for the baht. [Extracted from the article]

Malaysia's ringgit and China's yuan are emerging as Asia's most-promising currencies for fund managers as they look for the best place to put their money in the new year. This year has marked a turnaround for the ringgit, which has rebounded from a 19-year low on the back of surging oil prices and bets the central bank will tighten policy. [Extracted from the article]

The article describes how the devaluation of the Chinese yuan on August 11, 2015 weakened the currencies of other countries in Asia, Africa, and Latin America. Topics covered include investor flight from yuan, weakness in exports, and the reactions of various governments to China's decision to lower the yuan's value. It also mentions the lowered value of several currencies including the Vietnamese dong, Turkmenian manat, South African rand, Nigerian naira, Brazilian real, and Colombian peso.