Oil up in Asia on upbeat China manufacturing data
Oil prices gained in Asia Monday as traders welcomed data indicating a continued economic pick-up in China, the world’s largest energy consumer, analysts said.
Oil prices gained in Asia Monday as traders welcomed data indicating a continued economic pick-up in China, the world’s largest energy consumer, analysts said.
The peso moved sideways as investors weighed reports about a pickup in manufacturing in China and lingering concerns about budget problems of the US government.
The peso fell on Thursday as reports of a drop in Japanese exports and speculations of a decline in Chinese manufacturing activity in August dampened appetite for emerging market assets.
