Strong dollar, inflation, hawkish Fed pressure Asian FX, stocks Fintech Zoom World Finance


Source: fintechzoom.com fintechzoom.com

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Asian currencies and equities were on the backfoot on Monday while bond yields rose on pressures from broad dollar strength, an aggressive U.S. Federal Reserve and ahead of a spate of central bank meetings this week. Investors will be assessing policy decisions by central banks in Singapore, South Korea, New Zealand, and the euro zone as well as U.S. inflation data, which will provide clues on policy normalisation. Also on the radar would be any potential policy action by the People’s Bank of China as the world’s second-largest economy faces a double whammy from renewed COVID-19 outbreaks and an uptick...