Kraft Heinz Stock: Is KHC Underperforming the Consumer Defensive Sector?
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HONG KONG: China’s yuan rose against the US dollar on Wednesday, hovering near a 3-1/2-year peak as better-than-expected inflation data and quicker export growth buoyed the currency.
Key PointsNuScale’s 70% decline has made the stock more attractive.
TOKYO: Yields on shorter-dated Japanese government bonds fell on Wednesday, as the stronger yen dimmed bets on the Bank of Japan’s aggressive rate hikes.
MUFG’s Michael Wan highlights ongoing strength in the Japanese Yen, with recent USD/JPY volatility seeing the pair drop toward 152.88 before stabilizing near 153.26.