Out of the China Plenum comes headlines that are market grabbing. The one that has the highest interest is their claim they will loosen the one child policy.
Emerging market stocks rise the most in two months amid China’s pledged to increase private investment in its new economic policy changes.
The safe haven Japanese yen took a hit last night after the Olympic committee selected Japan to host the 2020 Olympic Games.
Despite market participants concerns over Asian emerging market currencies the Aussie dollar continued to trade strong against the U.S. dollar.
During the Asian overnight session the Aussie dollar continue to strengthen against the U.S. dollar. On the U.S. dollar side market participants have been attempting to digest economic data out of the U.S. which have been mixed.