The yen advanced, halting a four-day slide, on speculation a report Tuesday will add to evidence of slowing growth in China.
Japan’s
currency was the biggest gainer versus the dollar among its
developed-market counterparts before the data that economists said will
show China’s manufacturing contracted in August for the first time since
February. Chinese banks have passed on cuts in official deposit rates
and even exceeded them, a sign that they lack confidence in the nation’s
economic recovery.
The
yen climbed 0.4 percent to 121.24 per dollar as of 8:21 a.m. in Tokyo.
It strengthened 0.2 percent to 135.86 against the euro. The single
currency advanced 0.2 percent to $1.1203.
Source: Bloomberg
0 komentar :
Post a Comment