China’s yuan is set to pull out of its steepest slide since 2011 in offshore trading as the nation’s $3.8 trillion of foreign reserves coupled with inflows from trade and investment deter bets on further losses.
Indonesia’s rupiah is set to snap its world-beating gains of the past week, trading patterns suggest, amid concern a clampdown on commodity exports will swing the nation’s trade balance back to the red.
The Philippine peso is set to rebound from a three-month low as remittances from 10 million overseas workers in the run-up to Christmas offset some of the damage done by one of the nation’s deadliest storms ever.
The 10-year Treasury note’s drop today below the resistance level implied by the security’s lower Bollinger band suggested the rally in government securities is “overextended,” according to Jefferies Group Inc.
The Colombian peso’s best monthly rally this year is showing signs of fatigue as policy makers consider whether to extend a record $5.9 billion of foreign- currency purchases to weaken the exchange rate.