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-0.00100351229302557 -0.00100351229302557 -0.00100351229302557 -0.00100351229302557 -0.00100351229302557 0.0140491721023583 0.0175614651279479 0.0125439036628199
Stock impact report

Asia Makes a Stand as Dollar Threatens to Upend Currency Markets [BNN Bloomberg (Canada)]

OVERSEAS CHINSE UNSP/ADR (OVCHY) 
NASDAQ:AMEX Investor Relations: coli.com.hk/en/ir
Company Research Source: BNN Bloomberg
The latest salvo came from Japan's currency chief, who added weight to the matter by restating the Group-of-Seven's commitment to preventing disorderly moves. Earlier this week, South Korea said it discussed currency concerns with Japan and vowed to counter drastic swings — winning a tacit nod from the US — while China also pledged to avoid excessive volatility in the yuan. Policymakers in the region's emerging markets have been more proactive in taking action, with Indonesia's central bank dumping dollars in spot and derivatives markets to prop up the rupiah. Malaysian authorities said they stood ready to deploy tools to support the ringgit. It's been a turbulent week for foreign-exchange markets, as strong US data upended wagers on the Federal Reserve's interest-rate cuts and bolstered the dollar. While the cascade of jawboning helped bring a sense of calmness to Asia on Thursday, the battle against bearish wagers may just be starting as the greenback looks set to reassert its Show less Read more
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