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Fed to hike 4 times in 2018 - Goldman Sachs

Goldman Sachs chief Asia-Pacific Strategist Timothy Moe, while speaking to Bloomberg, said the Fed is likely to hike rates four times next year and the 10-year yield could rise to 3 percent or "maybe 3.5 percent"; a level which could become more of a drag for Asian markets. 

It depends on how quickly it (yield) gets there... if there is 50 basis points (bps) rise in a week, then there would be a correction in the market. 


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PBOC sets the Yuan reference rate at 6.5874

The People's Bank of China (PBOC) set the Yuan reference rate at 6.5874 vs. Friday's fix of 6.5810.
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