China is all set to be flexible on yuan's exchange rate. And this traders seems to be getting into risky assets because of this move. On monday the Yuvan rose to a 21 month high. The u.s treasuries fell on this news.
Asian currency's and stocks were trading higher on the news. Cude rose 2 percent mainly because this move may lead to china consuming more oil and more petroleum imports into china. And one main thing is this will ease some political tension with the west which will give traders some more confidence to invest in riskier assets.
| MARKETS | CURRENT | CHANGE IN PERCENTAGE |
UK 100 | 5308 | 1.11% |
FRANCE 40 | 3748 | 1.67% |
GERMANY 30 | 6307 | 1.46% |
JAPAN NI225 | 10238 | 2.43% |
HANG SEN 40 | 20912 | 3.08% |
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