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US-Korea Summit Fails to Impress Investors

From marctomarket.com

The US dollar initially rallied in early Asia ahead of the US-North Korea summit but has subsequently shed the gains and more. As North American dealers return to their desks, the dollar is lower against nearly all the major currencies, but the yen and Canadian dollar. The greenback is softer against most of the emerging market currencies as well, though a few eastern and central European currencies are bucking the move. Investors appear largely unimpressed with the summit. The MSCI Asia Pacific Index edged higher (less than 0.1%), Japanese and Chinese markets rose (0.3% and around 1% respectively), but Korea shares ... (full story)

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  • Category: Fundamental Analysis