Page 4 - Sector Net Borrowing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As US session gets underway, Dollar is declining broadly, influenced by a series of lackluster economic reports. US GDP growth for Q3 was revised downward to annualized rate of 4.9% in the final estimate. Additionally, Philadelphia Fed business outlook survey for December showed a drop from -5.9 to -10.5, signaling deeper contraction in regional manufacturing activity. However, the labor market showed some resilience, with jobless claims maintaining relatively stable level at 205,000, a positive sign amidst other economic headwinds.

Investors' focus over the next to last trading week of 2023 will shift to Asia, with the Bank of Japan and People's Bank of China both scheduled to announce policy decisions.

With little in the way of corporate updates or results due on Wednesday, the focus will be firmly on economic data – and there will be a lot of it, from the UK and overseas.

Japanese Yen's rally continued in today's Asian session, breaking through 148 mark against Dollar. This rise raises questions about the reaction of Japanese Finance Minister Shunichi Suzuki, particularly in light of his previous comments during Yen's decline this year. Suzuki had described the decline as "one-sided" and driven by "speculations." The current volatility, contrasting the steady depreciation since August, could be seen as "excessive," but it remains to be seen if Suzuki will comment similarly on this rapid ascent.

All eyes on Tuesday will be on the minutes of the U.S. central bank's last policy meeting.