Asian equities were mostly higher on Wednesday with Shanghai leading gains as fears of a credit crunch eased while regional central bank decisions were in focus.
The Bank of Japan (BOJ) left monetary policy steady at the conclusion of its two-day meting, as widely expected, but some investors were disappointed with the central bank’s failure to signal additional easing measures.
Attention now turns to the Bank of Thailand’s (BOT) policy decision, due at 3:30pm SIN/HK. Most analysts are predicting a rate cut, which comes as a state-of-emergency was imposed in Bangkok on Tuesday.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015