Dollar falters, stocks tick up as markets gird for US election showdown

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SINGAPORE: Financial markets began the week on a cautious note, though moves in currencies stole the spotlight on Monday ahead of a busy week headlined by the U.S.presidential race which is set to come down to the wire.

Among the slew of central bank meetings this week, the Fed takes centre stage, with markets leaning toward a 25-basis-point rate cut.

"At the start of last week, we were pricing about a 48% chance of a red sweep...that's fallen to around 36% this morning according to Polymarket.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaJapanSingapore

Topics: Markets Equities /Business/Business News Asia Economy Trading Commodities

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 15:15:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 25 lines

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News ID: 23390819

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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