The IMF announced it would push back its evaluation of the Chinese Yuan as a reserve currency until September 2016.
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Markets are holding on to gains from yesterday, but with heavy data over the next 24 hours, matters can change dramatically. The Indian Rupee was little changed versus the US Dollar after the Markit Manufacturing PMI report showed output grew at a slower pace. New York Fed President Dudley spoke on regulation and liquidity provision to address concerns over US bond market liquidity. The Australian Dollar climbed more than 0.3 percent against the US Dollar in morning trade after China&rsquos PMIs weakened RBA rate cut bets. The Japanese Yen climbed modestly following the release of the Bank of Japan&rsquos third quarter business confidence report. On the last day of the quarter, stocks are rallying. But is this just a blip in the radar as the world digests a more-hawkish Fed? |
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