China’s shift towards yuan appreciation is poised to boost emerging-market currencies, fueled by expectations of lower US interest rates. The yuan’s influence as a regional anchor and its impact on trade flows extend beyond Asia. This policy change signals a departure from maintaining yuan stability, potentially easing central bank policies and benefiting the broader emerging market space.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major