{"id":103090,"date":"2020-08-11T10:41:11","date_gmt":"2020-08-11T09:41:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103090"},"modified":"2020-08-11T12:05:06","modified_gmt":"2020-08-11T11:05:06","slug":"103840-bric-markets-stock-and-currencies-calms-amid-china-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103840-bric-markets-stock-and-currencies-calms-amid-china-data\/","title":{"rendered":"BRIC Markets: Stock and Currencies Calms Amid China Data"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400;\">China\u2019s factory deflation eased in July<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Sino \u2013 US trade ties escalate<\/span><\/li>\n<li><span style=\"font-weight: 400;\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">Turkish Lira<\/a> tumbles<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Russian Ruble exchange rate boosted by elevated oil prices<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Stocks and currency activity in the BRIC markets remained muted on Monday as worries over escalating US-China tensions weighed on sentiment, but the Chinese factory data saved the day and limited the losses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following the Trump administration ban against social media app TikTok and WeChat, BRIC stocks came under pressure at the end of last week. The MSCI Emerging Markets Index, which tracks the performance across stocks from 24 EM countries, was last seen down 0.1%, with losses being capped by the easing Chinese factory deflation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe U.S. has stretched the concept of national security and abused its state power to bring down certain non-U.S. enterprises,\u201d Chinese Foreign Affairs Ministry spokesman Wang Wenbin said in a press conference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSuch practice goes against market economy rules and the WTO principles of openness, transparency and non-discrimination. It is a blatant act of bullying, to which China firmly opposes,\u201d he later added.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On Monday, most currencies toned-down with the only exception being the Turkish Lira which tumbled to new lows against the greenback. The Turkish Central Bank measurements to stabilize the exchange rate after the national currency crashed to an all-time low against the greenback have failed to have a significant material impact.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Central Bank announced on Monday new easing measures that targeted the bank&#8217;s required asset ratio to maintain to 95% from 100%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Russian Rouble strengthened against the dollar amid elevated oil prices. The Crude oil prices got firmer after Iraq agreed on Friday to cut its oil production. WTI crude oil settled on Monday 1.7 Percent higher at $41.94 per barrel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On other news, Belarus President Alexander Lukashenko claims landslide re-election victory but the unprecedented protests in the aftermath of the presidential election are getting investors worried.<\/span><\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">USD Index Today - last 90 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-103099\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/448b2cef2ade9aee682840f4f51d325a.png\" alt=\"\" width=\"800\" height=\"348\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/448b2cef2ade9aee682840f4f51d325a.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/448b2cef2ade9aee682840f4f51d325a-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/448b2cef2ade9aee682840f4f51d325a-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/448b2cef2ade9aee682840f4f51d325a-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s factory deflation eased in July Sino \u2013 US trade ties escalate Turkish Lira tumbles Russian Ruble exchange rate boosted by elevated oil prices Stocks and currency activity in the BRIC markets remained muted on Monday as worries over escalating US-China tensions weighed on sentiment, but the Chinese factory data saved the day and limited [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[],"class_list":["post-103090","post","type-post","status-publish","format-standard","has-post-thumbnail","category-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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