Asian equities, currencies gain, focus shifts to Fed's policy meeting

Quick Summary:

MOST Asian currencies and equities rose on Monday in holiday-thinned trading, with a focus on this week's Federal Reserve policy meeting, where it is almost certain the central bank will cut its key interest rate, the only question being by how much.

Analysts at Citi revised down their full-year growth forecast for China to 4.7% year-on-year, expecting a weaker fourth quarter.

Expectations are for the central bank to kick-start an easing cycle, providing room for regional central banks to consider cutting rates.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIndonesiaJapanSouth KoreaTaiwanVietnam

Topics: Equities Interest rate Greenback Federal Reserve Asian Currencies Monetary policy Markets /Business/Business News

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Article Type: News Report

Published On: 2024-09-16 @ 13:35:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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