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The dollar gained on Monday as investors prepared for the prospect that the Federal Reserve could push back against expectations of an imminent rate cut when it concludes its two-day meeting on Wednesday.
By Tom Westbrook
China's patchy economic growth and a renewed slump in home sales have redoubled investors' resolve to steer clear of the country's markets, sending shares tumbling as foreigners quit in the absence of fresh policy support. Gross domestic product growth was 5.2% for 2023, hitting Beijing's target and market expectations. Foreigners have already sold a net 12.4 billion yuan ($1.7 billion) of Chinese shares this year via the trading link with Hong Kong and more followed on Wednesday with China's blue-chip index down more than 2% to a five-year low.
China's patchy economic growth and a renewed slump in home sales have redoubled investors' resolve to steer clear of the country's markets, sending shares tumbling as foreigners quit in the absence...
Agencies and staff reporter A Chinese measure of economy-wide prices marked its longest slide since 1999, underscoring deep deflationary pre...