· · · The dollar fell to four-month lows against the yen on Tuesday as investors cut exposure to riskier assets as Washington struggled with a partial government shutdown and open confrontation between the White House and the central bank.
The dollar fell 0.39 percent to 110.00 yen, its lowest level since late August and is set to fall for an eighth straight session against the Japanese currency, with London and New York shut for Christmas.
With many markets closed for Christmas, other currencies were hardly traded on Tuesday. The euro was little changed at $1.1410, having gained 0.33 percent on Monday.
· Turkish President Tayyip Erdogan has invited U.S. President Donald Trump to visit Turkey in 2019, a White House spokesman said on Monday.
“While nothing definite is being planned, the President is open to a potential meeting in the future,” White House spokesman Hogan Gidley said in a statement.
· China will not resort to “flood-like” stimulus in monetary policy next year, although it will consider more cuts as needed to reserves held at commercial banks, local media quoted a central bank adviser as saying in a report on Tuesday.
The Chinese economy will face downward pressure in 2019, while the pace of growth will gradually stabilize, the 21st Century Business Herald quoted Sheng Songcheng, an adviser to the People’s Bank of China (PBOC), as saying.
· China will adopt more efficient and targeted measures during its campaign against pollution next year, but will not relax the targets or ease the crackdown on violators, the environment ministry said in a statement on Monday night.
The ministry did not disclose the air quality situation across 169 monitored cities in November.
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