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  • Asia FX Edges Higher, Korean Won Surges Even As BOK Holds

    Asia FX Edges Higher, Korean Won Surges Even As BOK Holds0

    Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as

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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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  • Asia FX Dips After Chinese Imports Disappoint, Dollar Rises

    Asia FX Dips After Chinese Imports Disappoint, Dollar Rises0

    Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on the U.S. economy from key inflation data due this week. China’s yuan fell 0.1% as data showed China’s imports fell more than expected in April, indicating that local demand in the country remained dim despite

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  • Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak

    Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak0

    Asian currencies plummeted on Wednesday, while the dollar surged to new 20-year highs on hawkish comments from Federal Reserve officials and growing safe haven demand. The dollar index jumped 0.4% to a new 20-year high of 114.68, while dollar index futures rose in a similar range. A broad market rout in risk-driven assets also drove

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  • As Market Gains in Diwali Week, More Than 30 Smallcaps Rise up to 31%

    As Market Gains in Diwali Week, More Than 30 Smallcaps Rise up to 31%0

    In the holiday-shortened Diwali week, Indian benchmark indices ended with a gain of one percent. After a positive start for the new Samvat 2079 on the Muhurat trading day (October 24), the market remained volatile amid monthly F&O expiry, better US GDP data, Bank of Japan keeping policy balance rate at -0.1%, rate hike by

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  • Arun Kumar Saini: From schooling dropout to billionaire

    Arun Kumar Saini: From schooling dropout to billionaire0

    Young entrepreneur Arun Kumar Saini is expanding his companies by bringing Indian business mindset to globe For Arun Kumar Saini, CEO, Ario Holdings, it’s all about values — it’s a non-negotiable trait for him when it comes to business. And he learnt one of the key lessons about ethics during his childhood. “My first business

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