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China Returns, the US is on Holiday, and the US Dollar Consolidates
US markets are closed for President's Day, while China's markets re-opened from the long Lunar New Year holiday. Mainland stocks advanced, while the yuan slipped slightly. The US dollar is mostly softer but in narrow ranges. The Antipodeans and yen lead, while the Swiss franc the only G10 currency that is slightly softer. Most emerging market currencies are lower, led by about a 0.5% loss of the South African rand. The Mexican peso's and South Korean won's small gains are the exceptions. Stocks in the Asia Pacific region were generally higher, led by China, but foreign inflows lifted South Korea's Kospi by 1.2%. ... (full story)
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