forex news

Stocks slip as focus turns back to Fed and inflation

Stocks slip as focus turns back to Fed and inflation

On Wednesday, cautious trade weighed on stocks, while the dollar halted its recent slide as markets anticipated a peak in the Federal Reserve’s rate hike cycle sooner than U.S. banking sector worries. The MSCI index of Asia shares outside Japan (.MIAPJ0000PUS) fell 0.4% to pull back from Monday’s two-month peak, and Japan’s Nikkei NI225 was …

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Asia FX flat, dollar dips ahead of CPI data, Fed minutes

The dollar edged lower on Wednesday, while most Asian currencies barely budged as markets looked for more clues on monetary policy from key U.S. inflation data and the Fed’s March meeting minutes due later in the day. A cautionary note on a possible recession from Minneapolis Fed chief Neel Kashkari also weighed on sentiment, although …

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