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 News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: staronline - 🏆 4. / 75 Read more »

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...
Source: malaymail - 🏆 1. / 86 Read more »