TOKYO -Asian stocks slipped on Wednesday, while the dollar climbed despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal Reserve interest rates.Crude oil wallowed near two-month lows amid signs of easing supply pressure and continued hopes for a Middle East ceasefire.
The yen dropped 0.34% to 155.215 per dollar, even as Japan's Finance Minister Shunichi Suzuki expressed deep concern over the negative impact of a weak currency and reiterated a readiness to respond to excessive volatility.- which measures the currency against the yen, euro, sterling and three other major peers - rose 0.14% to 105.57, adding to Tuesday's 0.3% advance.On Tuesday, Minneapolis Fed President Neel Kashkari suggested the U.S.
And while prices have been sticky, the labour market showed some signs of weakening in the monthly payrolls data from Friday. The next major data point will be consumer prices in a week from now. "A lack of major U.S. economic data in the days ahead there was little to position for or react to," he added. "For now, the markets see marginally higher chances for two cuts in the U.S. this year, with the first fully baked in for November."
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCDFW - 🏆 288. / 63 Read more »