Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong...
Other data showed the number of Americans filing claims for jobless benefits fell. There are signs the downturn in business investment may be drawing to a close and the U.S. Federal Reserve said the outlook was bright.
“Concerns the U.S. economy may be turning down, to the point where the Fed might have to resume policy easing next year, have been somewhat assuaged,” said Ray Attrill, head of FX strategy at National Australia Bank.The dollar and trade-exposed currencies were spurned for safe-havens such as the Japanese yen after Trump signed the Hong Kong bills into law.
The laws are viewed as supportive for anti-government protesters in the city, since they threaten sanctions for human rights violations and seek to safeguard Hong Kong’s autonomy.“It’s displeasing to the Chinese side,” said Westpac FX analyst Imre Speizer. “And we are getting close to the point when this deal needs to get signed ... the market’s reacting to it as though it might put a snag in the works.
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