Asia shares rise, dollar supported by elevated bond yields

Quick Summary:

SINGAPORE: Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated U.S.

Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025.

In currencies, the dollar index held near a two-year high at 108.14, having climbed more than 2% for the month thus far.The euro eased 0.09% to $1.03955, while the yen languished near a five-month low at 156.99 per dollar.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanSingaporeUnited States

Topics: Nikkei Asian CSI300 Markets MSCI /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 14:22:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24624574

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 10 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 25 minutes ago

Coverage Areas: Malaysia

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Publisher ID: #22

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