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The Japanese yen weakened in the Asian session on Friday likely influenced by a weak machinery orders data from Japan. Major currencies saw choppy trading against their Japanese counterpart during late New York trading on Thursday following falls in the previous session. While the recent upward trend helped the yen to reverse much of its previous session’s losses against the greenback, it could only partly rebound versus the rest of majors....
President of Textile Machinery Branch of German Machinery and Equipment Manufacturers Association (VDMA) Wardman said in Beijing recently, the estimated value of the global textile machinery exports last year increased substantially to 13.4 billion Euros compared to the previous year. He said that China is the world’s largest textile machinery market, while India, Pakistan and South America market also represent a rapid growth. At the Beijing...