By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets go into the ...
- A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
The highlights of Friday's regional economic data calendar include an expected downward revision to Japanese second quarter GDP growth, and the latest trade, current account and bank lending data from Japan which could all move the beleaguered yen. New York Fed President John Williams said it is an 'open question' whether the Fed will hike rates again, but strong jobless claims data on Thursday put rates traders in a more hawkish mood and the dollar hit its highest level since March.The onshore yuan fell on Thursday to its weakest since December 2007, nudging 7.33 per dollar and intensifying the pressure on authorities to arrest its decline. Unfortunately for Beijing, it also highlights the limited options available.
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