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The Australian dollar steadied on Tuesday as China put a prop under its yuan, while its New Zealand counterpart looked a lot shakier after the loss of major chart support tipped it to a four-month...
It's been a slow start to what will be a holiday-shortened week for many centres, though that won't stop the U.S. from releasing the Federal Reserve's favoured inflation measure on Friday even as markets there are shut. Anything higher would be taken as a setback to hopes for a Fed rate cut in June, which was put back on the menu last week when Fed chair Jerome Powell sounded relaxed on the inflation outlook. Powell will participate in a moderated discussion at a policy conference on Friday, while Fed governors Lisa Cook and Christopher Waller are also appearing this week.
Asian shares dithered on Monday as investors worried U.S. inflation data this week could derail the outlook for lower interest rates, while the risk of currency intervention from Japan stalled the... -March 25, 2024 at 02:01 am EDT - MarketScreener
A look at the day ahead in European and global markets from Wayne Cole. -March 25, 2024 at 01:30 am EDT - MarketScreener
Investors kicked off a shortened week in subdued mood on Monday with stock benchmarks steady near last week's lifetime highs as looming U.S. inflation data provides the next milestone in the summer...