US Treasury official remains confident despite Chinaโ€™s economic struggles

Key Takeaways: ๐Ÿ’ผ Concerned about Chinaโ€™s excess manufacturing capacity impacting the global economy ๐Ÿ›  Chinese heavily subsidized manufacturing capacity for various goods creating overcapacity ๐Ÿ— U.S. implementing measures like tariffs and tax credits to keep Chinese EVs out of the market ๐ŸŒ Engaging in discussions with China to ensure fair competition on a global scale โ€ฆ Read more

Asia FX remains weak as dollar holds steady after hawkish Fed comments and strong labor data

Key Takeaways: ๐Ÿ’ผ Most Asian currencies weakened following hawkish signals from the Federal Reserve and strong U.S. labor data ๐Ÿ“ˆ Dollar index and futures showed little movement in Asian trade, with mild weekly losses ๐Ÿ‡ฏ๐Ÿ‡ต Japanese market holiday with muted trading volumes, yen above 150 level to the dollar ๐Ÿ‡จ๐Ÿ‡ณ Chinese yuan, South Korean won, โ€ฆ Read more