Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Chinese yuan rose sharply on Monday as local markets reopened from a week-long holiday, while most other Asian currencies strengthened in anticipation of a Federal Reserve meeting and a slew of economic data releases this week. The rose 0.4%, benefiting from bets that the Lunar New Year […]
Asia FX stalls, dollar steadies in anticipation of Powell speech By Investing.com
© Reuters. By Ambar Warrick Investing.com — A rally in Asian currencies stalled on Tuesday as markets awaited more cues on U.S. monetary policy from an address by Federal Reserve Chair Jerome Powell later in the day, while caution over a Chinese reopening grew amid rising COVID-19 cases in the country. Powell is expected to […]