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US stocks declined on Tuesday with the S&P 500 snapping a five-day winning streak after minutes of the latest monetary policy meeting showed that officials are in no rush to start cutting interest rates.
In October, the US DXY was seen oscillating between 105.50 to 107.40. However, the Dovish Fed led to a breakdown in US DXY below 105.40.
KUALA LUMPUR: Bursa Malaysia snapped three consecutive days of losses to end at its intraday high today, as bargain hunting activities emerged following the recent sell-off.
The minutes say rates could rise more if progress on fighting inflation isn't sufficient.
London stocks had extended losses by midday on Tuesday as investors mulled the latest UK borrowing data ahead of this week’s Autumn Statement, and looked ahead to the FOMC minutes.