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By Tom Miles HONG KONG (Reuters) - Asian markets held steady and the dollar dipped against the yen ahead of an expected U.S. interest rate cut on Wednesday, although some investors wagered the Federal Reserve could opt for a smaller move than...
The Thai baht fell on Thursday following a suspected dollar-buying intervention by the central bank, while the Chinese yuan hit a post-revaluation peak as policy makers kept up efforts to rein in inflation. Other Asian currencies were mostly range-bound in thin trade ahead of the year-end. The baht briefly touched 33.87 per dollar onshore
Asian shares dipped Wednesday, with the Tokyo and New Zealand benchmarks tumbling to their lowest close in nine months, evidence of how the region is battling to shake off global jitters over a U.S. credit crunch.
Our writer dips into the picks of tomorrow's hot Asian destinations at the JLL Hotels conference. You could say the panel was a heavyweight one. The five investors represented accounted for 20% of the US$70 billion in hotel transactions last year.
Oil prices dipped further on Friday in Asian trading after plunging more than $2 a barrel in the previous session on warm winter weather and figures showing higher higher-than-expected U.S. inventories of gasoline, heating oil and diesel fuel.