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  • Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation

    Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation0

    Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after data showed U.S. consumer price index (CPI) inflation eased more than

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  • Asia FX inches Higher Ahead of Powell speech, China optimism Fades

    Asia FX inches Higher Ahead of Powell speech, China optimism Fades0

    Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker dollar and expectations

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  • Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips

    Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips0

    Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the trend, rising 0.7% on expectations that the government will intervene further

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  • Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation

    Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation0

    Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over seven-month high against the dollar of 129.14, and was among the

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  • Asia FX Edges Higher, Korean Won Surges Even As BOK Holds

    Asia FX Edges Higher, Korean Won Surges Even As BOK Holds0

    Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as

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  • Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap

    Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap0

    Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick

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