Asian stocks rise to record highs on Wall Street; euro, yuan slump behind

Quick Summary:

The dollar received some support overnight from better-than-expected U.S.

Less than a week earlier, he had threatened China with an additional 10% levy on top of a campaign pledge of tariffs in excess of 60% on Chinese goods.

The Chinese yuan was also facing its own challenges from the growing threat of more U.S.tariffs on China, pushing it down to a 13-month trough.

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Article Details

Category: BusinessFinance

Markets: IndiaAustraliaChinaFranceHong KongJapanSouth KoreaTaiwanUnited States

Topics: Currency Foreign exchange market Dollar Fixed exchange rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 08:54:49 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 769 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24075357

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