Page 34 - Frx News Today

The euro dipped after several data points underscored market expectations of a smaller 25 basis point ECB hike this week, while the Aussie dollar leapt over 1% against the dollar on Tuesday after a surprise central bank rate increase.

The pound fell on Tuesday, ignoring data highlighting a few bright spots in Britain's economy, as investors focused more closely on the outlook for UK rates relative to others, after the Reserve Bank of Australia delivered a surprise hike.

Clobbered regional US banks set a gloomy and defensive tone for Asian markets.

Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer the latest guidance on future rate hikes across continents.

A look at the day ahead in U.S. and global markets from Amanda Cooper.

Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday.

A look at the day ahead in Asian markets from Jamie McGeever.

Britain's finance ministry said on Monday that the country's banking system remained safe, sound and well capitalised, after First Republic Bank became the third major U.S. bank to fail in two months.

Tanzania's economy is expected to grow faster this year compared with a year earlier, but performance could be dampened by effects of the war in Ukraine, Finance Minister Mwigulu Nchemba said in a letter to the International Monetary Fund.

Japan will invite some emerging nations to an outreach meeting at the Group of Seven advanced countries Japan chairs next month in the city of Niigata, Finance Minister Shunichi Suzuki said on Friday.