Gold prices snapped higher after dropping as much as 1.2% before Monday but a stronger USD and fading stimulus hopes may continue to weigh. Traders are eyeing US$ 1,807 for near-term support.
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The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities.
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The trade-sensitive Australian Dollar slid marginally lower after disappointing retail sales data out of China overshadowed strong industrial production and Q4 GDP figures.
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A sour lead from Wall Street may set a downbeat tone for Asia-Pacific markets on Monday against the backdrop of a strengthening US Dollar. Investors are anticipating a strong Chinese Q4 GDP figure …
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The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities.
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Educ Arte Económico 