Market News

Asia's major markets closed mostly lower overnight hitting four-year lows as oil prices continued to slide and China concerns weighed in on investor sentiment.

After the latest intervention by the People’s Bank of China which sent the Chinese Yuan significantly higher, especially in offshore trade, demand for safe haven currencies eased off.

Asian shares hit four-year lows on Monday while U.S. stock futures were seen broadly lower on Sunday indicating that the rough start to 2016 is not yet over.

Employers seem unperturbed by the Federal Reserve's decision to raise interest rates and are still hiring without letting up.

This coming week ahead should be much quieter as there is far less important news due, so the recent strong movements are quite likely to tail off. Get the economic and political calendar for the popular currencies for the week of January 11, 2016 here.

Asian shares rebounded on Friday, led by strong gains for beaten Chinese stocks after China suspended its market circuit breaker and set a stronger midpoint rate for trading of the yuan for the first time in nine days.

Safe haven currencies like the Japanese Yen and Swiss Franc were the recipients of investors’ collective fears after the Chinese government once again sent the Yuan lower.

In what seems to be a repeat performance, China's stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade. The severe drop triggered the market's circuit breaker to kick in for a second time this week.

Despite some economic news that, for a change, didn’t disappoint, the Euro continues to be under heavy sell pressure.

The Federal Reserve will be releasing the minutes from the Federal Open Market Committee’s Dec. 15-16 policy-setting meeting at 2 p.m. Wednesday in Washington.

The offshore yuan is in a free fall, slumping to 6.6650 against the dollar, the lowest rate since the last quarter of 2010.

The Euro slipped back and moved near to the recently struck 1-month trough versus the US Dollar.

China's markets went on a roller coaster ride Tuesday, moving in all directions and closing mixed following a sharp selloff in the previous session.

As the first full trading week of the year dawned in Asia, disappointing economic news from China suggested that the country’s struggles will continue in 2016. Several PMI reports for China, most recently the Caixin Manufacturing report for December, showed a reading once again well into contractionary territory.

Chinese stocks dived Monday, prompting a trading halt for the rest of the session and sending stock markets in Asia Pacific lower following weak manufacturing surveys that renewed concerns over the stability of the country's economic recovery and soured hopes that the world's second-largest economy would enter the new year on better footing.