Asian stocks have had a rather interesting weekend. Today, the dollar surged to a two-year peak against major currencies, supported by a payrolls report released on Friday. The report revealed an addition of 256,000 jobs in December. As a result, stock markets in China, India, and South Korea experienced a downturn. ... read full story
"People are surprised by the economic strength in the US With US interest rates so high, you will have a liquidity drain in Asia, with capital flowing to the US or staying there."