The US Dollar witnessed a rally while Chinese shares reversed their trajectory as the initial optimism surrounding potential monetary easing faded. Lingering concerns regarding China’s growth prospects and policy uncertainties have left investors cautious, potentially contributing to a strengthening dollar. Investor attention remains fixated on pivotal inflation data expected from both the US and China later

Yesterday’s release of the Federal Open Market Committee (FOMC) meeting minutes indicated a Fed stance of maintaining elevated rates for an extended duration, with potential cuts in 2024. This news led to a decline in Asian markets session following the drop in US markets. The minutes portrayed a hawkish tone, suggesting prolonged restrictive rate levels,

In the Asian markets, all eyes remain fixed on China’s Purchasing Managers’ Index (PMI) readings, seeking further cues about the resilience of the world’s second-largest economy. As trading commenced on Thursday, Treasuries maintained stability following a decline of nine basis points in two-year yields, while the 10-year notes eased by seven basis points to hit

The recently unveiled Fed minutes from Tuesday revealed a consensus among policymakers to exercise prudence in their approach to future interest-rate adjustments, emphasizing a careful evaluation based on progress towards meeting inflation targets. At present, swap contracts tied to upcoming Fed meetings reflect a roughly 25% likelihood of the Fed initiating its first rate cut

Reserve Bank of Australia Governor Michele Bullock addressed concerns following the release of minutes from the RBA’s Nov. 7 meeting, revealing a departure from a four-meeting pause. Policymakers shifted course to ensure that inflation would track back to the coveted 2-3% target amid accelerated economic growth and a robust labor market. The meeting minutes underscored