05 Jul Odilia Business Advisors – Morning Report
Odilia Business Advisors
05 July 2017
Asian share markets got off to a subdued start on Wednesday as simmering tensions on the Korean peninsula supported safe-harbors including the yen and gold.A holiday in the United States and a dearth of major data kept activity muted across Asia, though minutes of the Federal Reserve’s last meeting due later in the day could provide some impetus.
North Korea said it had conducted a test of a newly developed intercontinental ballistic missile that can carry a large and heavy nuclear warhead.South Korean and U.S. troops fired missiles into the waters off South Korea to show their deep strike precision capability.
The People’s Bank of China (PBOC) set the Yuan reference rate at 6.7922 vs. Tuesday’s fix of 6.7889.Dollar Rupee came down yesterday after testing a high of 64.88.
Disclaimer: This information is not intended to be used as trading advice by anybody and should not in any way be treated as a recommendation to trade. This information contained in this newsletter does not constitute or form part of and should not be construed as, any offer for purchase or sale of any foreign currency or their derivatives. While the information in the newsletter has been compiled from sources believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics or other items are provided without warranties of any kind. Odilia Business Advisors LLP expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or fitness for any particular purpose, of this update. Odilia Business Advisors LLP shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data in this news alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of this update or any part thereof without prior consent of Odilia Business Advisors LLP is prohibited.