Forex news for Asia trading Wednesday 25 August 2015
China
– 5
The focus today was again on Chinese stock markets, specifically how they would respond to the late Tuesday PBOC rate cuts. OK, lets not be a curmudgeon … the stock indices didn’t plunge again today! They didn’t soar either (thats gonna be a long way off given the huge overhang of sellers around now), but two-way movement was a change from the liquidation moves we’ve had.