Asian shares extended gains on Monday to hit a three-month high as risk assets g...
Activity later in the week will be dominated by the U.S. Federal Reserve, which markets expect is all but certain to lower interest rates at its Wednesday meeting.
“The outcome of the FOMC policy meeting will most likely draw the largest market reaction,” said Richard Grace, Sydney-based chief currency strategist at Commonwealth Bank. “That means the 27.6% pricing for an additional 25 bps cut in December will quickly evaporate, sending U.S. yields and the USD higher.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares edge up to three-month high, dollar marks time before FedAsian shares rose on Monday to a three-month high as risk assets got a fillip fr...
Read more »
Fed Asks: What’s The Internet Worth To You?Since 1934, American economists have been tracking growth using Gross Domestic Product. What if everything we think we know about economic growth is wrong?
Read more »
Dollar supported before Fed meeting, Brexit delay in focusThe dollar traded near the highest in more than two months versus the yen on Mon...
Read more »
Why would the Fed cut interest rates a 3rd time in a row even as stocks near records? Investors may soon find outA scant few think that Jerome Powell & Co. will opt not to cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee on Wednesday.
Read more »
Asian shares edge up to three-month high, dollar marks time before FedAsian shares rose on Monday to a three-month high as risk assets got a fillip fr...
Read more »
Dollar supported before Fed meeting, Brexit delay in focusThe dollar traded near the highest in more than two months versus the yen on Mon...
Read more »