News Formal

Most Asian currencies muted; stocks gain ahead of Fed rate decision

  • 📰 staronline
  • ⏱ Reading Time:
  • 22 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 75%

Forex Новости

Asian,Currencies,Inflation

Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations, the bloc said on April 26 as it added the company to its list of big platforms that need extra scrutiny.

ASIAN emerging market currencies were subdued on Monday after inflation data in the United States further dimmed the prospects of interest rate cuts soon, with all eyes on the Federal Reserve's policy meeting later this week.Most equities in the region, on the other hand, rose, with the markets in Manila jumping 2.1% to lead gains, closely followed by Taipei shares, which surged 1.9%.

Investors are already anticipating a delay to rate cuts due to sticky U.S. inflation and as officials, including Chair Jerome Powell, emphasise data dependency. "While we cannot rule out the tail risk of the Fed putting a rate hike back on the table, should the Fed continue to sound balance in terms of rate guidance, the greenback may even soften along with U.S. rates," said Fiona Lim, senior FX strategist at Maybank.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 4. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Most Asian currencies slip on Fed uncertainty; stocks mixedThe activist and former Hollywood actor was diagnosed with young-onset Parkinson’s disease a year after 'Back To The Future Part III' was released in 1990.
Источник: staronline - 🏆 4. / 75 Прочитайте больше »

Asian shares extend gains ahead of tech earnings, yen fragileSYDNEY, April 23 ― Asian shares extended gains today, taking cues from Wall Street as focus shifts to earnings results from US tech giants in the week, while a still strong...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »