Page 52 - Frx News Today

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

The dollar wobbled on Tuesday after a slump in U.S. manufacturing activity last month pointed to further signs of a slowing economy and trumped renewed inflation concerns following OPEC+'s surprise output cut.

South Korea's consumer inflation eased to a one-year low in March and came slightly lower than economists' expectations, official data showed on Tuesday.

A look at the day ahead in markets from Kevin Buckland.

South Africa's rand firmed in early trade on Tuesday, while the dollar pared some of its losses incurred when data showed U.S. manufacturing activity fell last month.

Kenya’s foreign-exchange reserves plunged the most in at least 13 years in the three months through March as rising costs for imports drained dollars from the central bank.

Australia's central bank on Tuesday left its cash rate unchanged at 3.6% to break a run of 10 straight hikes, saying it wanted additional time to assess the impact of past increases as the economy slows and inflation has peaked.

A look at the day ahead in U.S. and global markets from Mike Dolan

Sterling surged on Tuesday, breaking above $1.25 for the first time since June 2022, as traders turned bullish on a currency trading well below 2016 levels and the central bank's chief economist left the door open to more interest rate hikes.

South Africa's stocks jumped on Tuesday while the rand slipped after a decision by major oil producers to reduce supply on Sunday, which triggered concerns about a slowdown in global economic growth.