XE Market Analysis: Europe – Mar 02, 2021

The dollar and yen have gained on an apparent safe haven bid as Asian stock markets turned lower after the head of the China banking regulator warned of bubbles developing in foreign markets and domestic property markets, and signalled that Beijing is looking at measures to manage capital inflows to forestall turbulence in domestic markets. The main Chinese stock indices dropped over 1%, pulling the MSCI Asia-Pacific index lower.