China's yuan rose about 0.4% - its most in more than a month - to 6.9063 to the dollar. The Australian dollar reversed losses made after softer-than-expected Aussie growth and inflation figures and rose 0.3% to $0.6751.
The next flush of economic indicators are likely to be crucial as markets gauge whether future rate hikes are sufficiently priced in now. Two-year Treasury yields , a guide to short-term U.S. rate expectations, are close to four-month highs, but at 4.8347%, are below a November peak of 4.8830%. Benchmark 10-year yields stood at 3.9396% in Asia.
Gains steadied after rains in parts of the U.S. winter wheat belt and optimism over a Russia-Ukraine export deal drove investors to liquidate some long positions.
Pure manipulation, not one of their number or data is true. Rigged all the time, like their GDP. If the economy was restarting that well they wouldnt have to put massive amount of money in people’s pocket 🤡