the Japanese government had offered the job of central bank governor to current deputy Masayoshi Amamiya, viewed as less of a monetary policy hawk than his predecessor.The drama over the balloon, which Beijing has said was a civilian airship that accidentally strayed into U.S. airspace, further strained already-tense relations.
"Undoubtedly, the incident is a negative headline for the market," said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management.The Turkish lira bore much of the brunt of the risk-off mood, falling to a record low of 18.85 to the dollar, while the Thai baht posted its biggest one-day fall against the U.S. currency in over 20 years.
"The Fed is likely to remain in a tightening mode for longer than the markets currently anticipate at a time when President Erdogan strongly indicated he expects the Turkish central bank to cut interest rates," Matys said. Oil prices edged higher in choppy trading as markets weighed a return in demand from China against supply concerns and fears of slower growth in major economies curbing consumption.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ksatnews - 🏆 442. / 53 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: WashTimes - 🏆 235. / 63 Read more »
How Microsoft, Google are taking on ChatGPT, what it means for the stocksHere's how tech giants Microsoft, Google, and Baidu are taking on ChatGPT, and what that could mean for investors Baidu? Who gives a shite about Baidu, they're only strong because China banned all their western competitors....
Source: BusinessInsider - 🏆 729. / 51 Read more »