22 Jun Odilia Business Advisors – Morning Report
Odilia Business Advisors
22 June 2017
Asian stocks advanced on Thursday as oil prices inched up after hitting a 10-month low overnight on concerns over a supply glut and falling demand, dragging U.S. and European shares lower.
Boston Fed President Eric Rosengren and Fed Vice Chair Stanley Fischer suggested they are concerned less about raising rates too fast or too high than about keeping them too low for too long.
The dollar was marginally lower on Thursday. The dollar index .DXY was at 97.523, following Wednesday’s 0.2 percent loss. People’s Bank of China (PBOC) set the Yuan reference rate at 6.8197 vs. Wednesday’s fix of 6.8193.
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