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FX: Asia Steady, Traders Hold Off Bets Ahead of US Inflation Report

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#FX #inflation

Asia's emerging market currencies largely held steady Tuesday, as traders adopted a cautious approach ahead of US inflation data this wk for clues on the Fed's tapering timeline. 

Stock markets, on the other hand, were a mixed with Indonesian shares
falling 0.8% on concerns over a spike in COVID-19 cases in some parts of
the country, while Malaysian and Philippine shares rose around
0.5%.

Asia-Pacific FX Vs USD

COUNTRY      FX RIC      FX      
Japan                    -0.19    -5.67           -0.19    5.54 

China                    +0.09    +2.15           -0.67    2.95  

India                    -0.05    +0.31           -0.14    12.50 

Indonesia                +0.00    -1.54           -0.81    0.69  

Malaysia                 +0.15    -2.43           0.48     -2.53  

Philippines              -0.08    +0.67           0.68     -4.62  

S.Korea                  -0.12    -2.51           -0.13    13.03  

Singapore                -0.02    -0.18           -0.10    11.57  

Taiwan                   +0.06    +2.84           -0.05    15.91  

Thailand                 -0.03    -3.94           -0.09    11.16

Have a healthy day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.