Investing in Currencies

Investing in Currencies

Asia FX muted; China, Japan currency intervention in focus

Investing.com-- Most Asian currencies kept to a tight range on Wednesday amid continued fears of higher U.S. interest rates, while recent slumps in the Chinese yuan and Japanese yen saw traders watching for currency market intervention from their respective governments. The dollar steadied at 10-month highs, with the and both rising slightly in Asian trade. The currency saw a sharp spat of gains in recent sessions, after the Federal Reserve signaled that interest rates were set to remain higher for longer . Strength in the dollar, coupled with a spike...
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