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  • Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap

    Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap0

    Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick

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  • Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year

    Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year0

    Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a strong boost to the Chinese economy from the week-long Lunar New Year holiday,

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  • Dr. Martens Plunges After Fresh Profit Warning

    Dr. Martens Plunges After Fresh Profit Warning0

    Dr. Martens (LON:DOCS) stock plunged at the open on Thursday to a new all-time low, after the bootmaker was forced to cut its forecasts once again in response to problems in North America. Dr. Martens said a variety of operational problems had created a bottleneck at its new distribution center in Los Angeles, leaving U.S.

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  • Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets

    Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets0

    Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen was the best-performing Asian currency for the day, rising 0.5% to

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