Market Weekly: Oct 9 Oct 13 2017


The Chinese yuan strengthened in early Asian trade on Tuesday in what analysts see as the country’s attempt to engineer market stability one week before 19th Communist Party Congress gathering in Beijing.

The U.S. dollar/yuan pair was trading around 6.597 at 10:10am HK/SIN, compared with 6.6147 at the close of the previous session.

The strength of the Chinese currency contributed to overall weakness of the greenback, with the dollar index trading 0.2 percent lower.