Singapore Consumer Price Index (YoY): -0.8 (February) vs previous -0.6

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Mar 23, 2016

Gold falls sharply, testing $1,231.00 area

Gold has seen a ferocious sell-off worth over $15.00 from over $1,250.00 at the beginning of Asia, all the way down to currently test $1,231.00, level where a strong short liquidation originated following the dovish FOMC last week.

China: Not engaging in currency war - ING

Prakash Sakpal, Economist at ING, suggests that their baseline is that the PBOC continues to manage the fixing “with reference to a basket of currencies” and their yearend USDCNY forecast is 6.65.