RHB

China’s foreign exchange regulator tightened existing rules for the transfer of renminbi and foreign exchange between bank accounts. No one from outside the country can send foreign currencies to five or more Chinese individuals to convert it into the renminbi on any given day or on consecutive...

Although Japan’s exports slowed down drastically m/m in October to 3.9% as compared to 13.3% in September, the month marked the fourth increase in exports in five months. According to RHB, the results indicated a favorable impact of the global economic recovery on Japan’s exports. However, Japan’s...

October saw a 6.2% m/m rebound in US new home sales, as compared to a 2.4% decline in September. This marked the first sales increase in three months, indicating that buyers made a rush to capitalize on the government’s tax incentives before they expired. Moreover, lower mortgage rates and cheaper...