Investors were most bullish on the Singapore dollar and the Thai baht since the Russia-Ukraine conflict broke out in February, as China easing its strict COVID curbs and hopes of major central banks tempering the monetary policy lifted sentiment.
Smart to launch online portal to make SIM Registration easy, convenient, and rewarding for subscribers
Long positions on the Thai baht were at their highest level since late February, while those on the Singaporean dollar were highest since early February. “The slowdown in Chinese growth has been one of the largest drivers for dollar strength. A turnabout of that impulse should benefit high-beta, risk-sensitive and commodity-linked FX,” Barclays’ analysts wrote in a note.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China students return home amid Covid travel spread fears - BusinessMirrorBEIJING—Some Chinese universities say they will allow students to finish the semester from home in hopes of reducing the potential of a bigger Covid-19 outbreak during the January Lunar New Year travel rush. It wasn’t clear how many schools were taking part, but universities in Shanghai and nearby cities said students would be given the
Read more »
China urges vaccines for vulnerable as ‘zero-COVID’ exit turns messyChina raced to vaccinate its most vulnerable people in anticipation of waves of COVID-19 infections, with some analysts expecting the death toll to soar after a loosening of strict controls that kept the pandemic at bay for three years. | Reuters
Read more »
China cuts Covid case number reporting as infections surge - BusinessMirrorBEIJING—China’s National Health Commission scaled down its daily Covid-19 report starting Wednesday in response to a sharp decline in PCR testing since the government eased anti-virus measures after daily cases hit record highs. A notice on the commission’s website said it stopped publishing daily figures on numbers of Covid-19 cases where no symptoms are detected
Read more »
China Covid 'explosion' began before restrictions eased: WHOThe flare-up in Covid-19 cases in China was well underway before the government began easing restrictions, the World Health Organization said on Wednesday.
Read more »
Oil extends gains as China signals further easing of strict Covid rules - BusinessMirrorOil rose for a second day on signs of further easing of China’s strict Covid-19 restrictions and as a key US pipeline remained shut. West Texas Intermediate rose toward $74 a barrel after closing 3 percenthigher on Monday, the first gain in seven sessions. China’s ambassador to the US said the nation will continue relaxing
Read more »
China says tracking Covid cases now 'impossible' as infections soarChina’s top health body said Wednesday the true scale of coronavirus infections in the country is now “impossible” to track, with officials warning cases are rising rapidly in Beijing after the government abruptly abandoned its zero-Covid policy last week
Read more »