Tokyo Nikkei Index has declined 3.3% and Hong Kong’s stock markets have also posted declines beyond 3% on Tuesday.
Financials and energy firms have lead declines on Tuesday, following Wall Street’s path, banks’ shares have been sold despite buoyant quarterly earnings’ results by Bank of America. Investors seem to be hesitant to believe that the global banking system is back to normal yet.
The GBP/USD has dropped to 1.4465 on early Asian session, bounce up to 1.4575 intra-day high, and hovers below 1.4570/80 resistance level.
The USD/JPY has also bounced up from 97.70 intra-day low, the Dollar has bounced to 98.45 high on late Asian session.
The Euro has remained rangebound, trading from 1.2900 to 1.2950, approaching to the highest level of the range ahead of the European session opening.
Financials and energy firms have lead declines on Tuesday, following Wall Street’s path, banks’ shares have been sold despite buoyant quarterly earnings’ results by Bank of America. Investors seem to be hesitant to believe that the global banking system is back to normal yet.
The GBP/USD has dropped to 1.4465 on early Asian session, bounce up to 1.4575 intra-day high, and hovers below 1.4570/80 resistance level.
The USD/JPY has also bounced up from 97.70 intra-day low, the Dollar has bounced to 98.45 high on late Asian session.
The Euro has remained rangebound, trading from 1.2900 to 1.2950, approaching to the highest level of the range ahead of the European session opening.
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