The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus ...
SINGAPORE - The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China 's somewhat disappointing weekend stimulus announcements the focus of market attention.
China said on Saturday it will "significantly increase" government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks' capital as it pushes to revive sputtering economic growth. Further moves are unlikely, he said, until there is progress toward addressing excess housing, local government debt and demographic challenges as China's population ages.
U.S. Treasuries are unlikely to provide much of a lead on Monday, since both Japan and the U.S. markets are closed for holidays. The New Zealand dollar was down 0.15% at $0.61, following last week's 0.8% drop after the central bank slashed rates by a half point and hinted at further cuts to come.Fantasy Football Pulse Check: Caleb Williams, rookie QBs show out in Week 6
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