Japanese Finance Minister Taro Aso said on Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington’s calls to have more rigorous IMF scrutiny of currency moves.
Southeast Asian stock markets ended higher on Friday as risk sentiment received a boost from a Wall Street rally on hopes of strong earnings and a US tax reform, and a mild recovery in commodity prices.
Most Southeast Asian stock markets posted small gains on Thursday as investors remained on the sidelines for a lack of economic cues while uncertainties around the French elections over the weekend kept global risk appetite muted.
SYDNEY - Sterling stole centre stage in Asia amid speculation Britain’s surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union.
TOKYO.— The dollar index traded near three-week lows on Wednesday, dragged down by a resurgent sterling after British Prime Minister Theresa May called for an early general election ahead of Brexit negotiations.
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