Asian stocks fell slightly as the USD stabilized on many economi
Most Asian currencies fell slightly on Tuesday as demand for the dollar remained steady ahead of several key US economic indicators this week, while sentiment also remained at jittery levels. Israel-Hamas war.
Data on US retail sales and industrial production will be released later in the day, while a host of Federal Reserve members will speak this week, most notably Chairman Jerome Powell on Thursday.
The data and addresses are set to provide more signals on the world's largest economy and will be closely watched after a surprise rise in US inflation over the past three months raised concerns of a The Fed is more hawkish.
The Australian dollar edged up 0.3% as minutes from the Reserve Bank of Australia's recent meeting showed policymakers are still considering more interest rate hikes, as recent inflation persists. increase.
Data on US retail sales and industrial production will be released later in the day, while a host of Federal Reserve members will speak this week, most notably Chairman Jerome Powell on Thursday.
The data and addresses are set to provide more signals on the world's largest economy and will be closely watched after a surprise rise in US inflation over the past three months raised concerns of a The Fed is more hawkish.
The Australian dollar edged up 0.3% as minutes from the Reserve Bank of Australia's recent meeting showed policymakers are still considering more interest rate hikes, as recent inflation persists. increase.
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