LIVE MARKET UPDATE

Tuesday, 21 January 2014

Asian Market Commentary


Asia shares up as China money rates dip, dollar gains.
Asian markets crept higher on Tuesday as Japanese stocks rebounded and Chinese money rates eased, while the US dollar got a fillip from a report the Federal Reserve would again trim its bond buying next week.
The dollar broke the early lethargy with a hop to 104.48 yen when the Wall Street Journal reported the Fed is on track to trim its bond-buying program for the second time in six weeks, paring back by USD 10 billion to USD 65 billion a month.

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