Donald's Trump Historic Trip to Middle East and Europe

White House Press Secretary Seen Spicer said Trump's nine day trip to Middle East Asia and Europe was remarkable as he interacted with almost 100 leaders and set the stage for more safe and peaceful America.

President of America determined to form new partnership and rebuild America's standing in the world. He united  the civilized world in the fight against terrorism and extremism as he promised earlier.

The visit also included historic economic development deals for the USA over half a trillion dollars and the creation of thousands of American jobs.  

Rex Tillerson Breaks Tradition Of Holding Ramadan

US Secretary of State Rex Tillerson has decline a request to host an event of Ramadan apparently breaking a tradition of 20 years.

 

Tillerson refusal of request from state department office of religious and global affairs suggests that there will be no plans further for any high profile function of Ramadan

For this, Muslims activists criticizes US President administration of having unfriendly behavior towards Islam,while administration opposes them and point out Trump's visit to Saudi Arabia figure out that it has no outrage with Islam.  

Former US diplomat Farah Pandith also spoke against Tillerson decision to avoid hosting Islam's holy month of Ramadan. .

Asian market edged up after US Federal Reserves meeting

The Chinese Yuan nearly two year high on Thursday with USD/CNY at 6.8690 due to sale of dollars by state owned banks in onshore market.

The Central Bank of People Republic of China set Yuan midpoint against the Dollar at 6.8695 from 6.8895 previously, after Moody's reduce the credit rating of world's second largest economy for the first time since 1989.

The people's bank of china allows the USD/CNY rate to be  not more than 2% above or below the central parity rate.

RINGGIT EASIER AGAINST OTHER CURRENCIES

Kuala Lumpur: The Ringgit easy going against US dollar Wednesday taking mild profit following Tuesday's gain.

A dollar bill also reported to be  risen against other currencies supported by increase in US treasury yields.

However, against almost all other major currencies, the Ringgit was traded higher.

The Ringgit rose against the Singapore dollar and also edged up against the British pound, the Japanese yen also strengthened vis-a-vis the Euro.

EURO ELEVATED ,POUND SAGS VERSUS YEN AFTER A BLAST IN BRITAIN'S CITY OF MANCHESTER

Euro floating near six months high against dollar while pound lacking its strength against yen after a Blast at Manchester  

Sterling sheds 0.45% to 144.07 yen ,otherwise currency was steady,only little change against dollar on Monday ,

Pound had lost around 0.3%after polls showed narrowing lead for prime minister Theresa May

The dollar was down 0.2 % at 111.055 yen after a dip to 110.860 and the Euro slided 0.2 % to 124.830 yen.

The AUD dipped 0.2% to $0.7470 and the NZD slightly up by 0.1 percent to $0.7004.

Global financial markets

Global financial markets will focus on the Organization of Petroleum Exporting Countries highly-anticipated meeting on Thursday to see whether major producers plan to extend their current production-cut agreement.

Meanwhile, investors will look ahead to Wednesday’s minutes of the Federal Reserve’s latest policy meeting for further hints on the timing of the next U.S. rate hike.

In addition, market players will keep an eye out on a revised reading of first-quarter U.S. growth data to gauge the strength of the world's largest economy.

Elsewhere, in the U.K., traders will be looking ahead to a second reading on British growth data for further indications on the continued effect that the Brexit decision is having on the economy

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