Currency index hits all-time high in countdown to Fed rate verdict

Quick Summary:

STEADY risk appetite propelled an emerging market currency index to a record high on Monday as investors were convinced that the U.S.

Federal Reserve would deliver a big interest rate cut in a week marked by other key central bank policy decisions.

Latin America and emerging Europe have led the easing cycle that has already started in half of the emerging markets tracked by Reuters.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIndonesiaJapanPolandSouth AfricaSri Lanka

Topics: Interest rate Currency MSCI Forex /Business/Business News US dollar Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 17:32:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 22527912

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 21 posts per day

Year Established: 1971

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News Last Updated: 20 minutes ago

Coverage Areas: Malaysia

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