Asia FX firm, dollar drifts lower with Fed rate cut in sight
Investing.com-- Most Asian currencies firmed on Wednesday, while the dollar retreated as markets positioned for a widely expected interest rate cut by the Federal Reserve later in the day. Market holidays in Hong Kong and South Korea limited overall volumes,
Dollar cedes overnight gains, Asia stocks mixed as Fed looms large
The chances of the Fed kicking off its easing cycle with a super-sized cut of 50 basis points (bps) oscillated in Asia, retreating to 63per cent early in the day from 67per cent around the same time on Tuesday, according to LSEG data. However, as of 0137 GMT, the odds were back at 65per cent.
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The Indian rupee was little changed on Monday, wedged between oil companies' dollar demand and a rise in its Asian peers on ...
The U.S. dollar fell to a 17-month low against the Chinese yuan as the Fed cut rates and the PBoC held theirs, highlighting ...
The Bank of Japan did not change policy at the conclusion of today's meeting, but it retained its tightening bias. Click to read.
Most Asian currencies logged a stellar recovery in August against the dollar. "We do not rule out further bouts of USD ...
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Asia Mostly Up, Europe Mixed; Gold Gains As And Dollar Softens - Global Markets Today While US SleptThe U.S. Dollar Index fell 0.14% to 100.75, and USD/JPY was down 0.49% at 141.72. Crude Oil WTI traded lower by 1.56% at ...
Spot gold prices hit a record high on Friday as a weak dollar, expectations of more US interest rate cuts and tensions in the ...
SonyLIV is set to introduce “ Million Dollar Listing: India ,” marking the second international adaptation of the Emmy-nominated real estate reality franchise. Produced by EndemolShine India, the ...
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