TOKYO - The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.
Mainland Chinese blue chips opened flat after coming back online following a holiday-extended weekend, and Taiwan also returned from a day off to trade 0.35% weaker. Australia's benchmark was little changed.Hong Kong and South Korea were among major markets closed for holidays. "If the Fed nails it at this meeting, the bull market could charge on. If it doesn't, then it could signal a high water mark in this cycle."Short-term Treasury yields continued to rise though, with that on the two-year note adding another basis point to stand at 3.6028% in Asian time.
Militant group Hezbollah vowed retaliation against Israel after pagers detonated across Lebanon on Tuesday, killing at least eight people and wounding nearly 3,000 others. “The Bachelorette”'s Jonathon Johnson Supports Jenn Tran at “Dancing with the Stars” Premiere After Insisting They're 'Friends'