Lonmin Plc, South Africa’s worst- performing platinum stock this year, is poised to lead a rally that will follow the end of the longest mining strike in the nation’s history, according to Cadiz Holdings Ltd.
Australia’s dollar is set to break out of the narrowest trading range on record versus its New Zealand peer, trading patterns suggest, amid speculation monetary policy divergence between the two nations is being tempered.
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 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.
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.