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Most Asian markets down as traders eye key Powell speech

时间:1个月前   阅读:11   评论:1

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The prospect of more US hikes to come has given another boost to the dollar, which rallied against the yen and is approaching the ¥140 mark for the first time in 24 years. – EPA pic, August 22, 2022.

ASIAN markets were broadly lower today as the rally from June’s lows runs out of steam owing to renewed concerns about Federal Reserve plans to ramp up interest rates to combat runaway inflation.

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All eyes are on a symposium in Jackson Hole, Wyoming where Fed boss Jerome Powell will deliver a speech that will be followed for an idea about the bank’s next moves.


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  • 2022-12-28 00:08:20

    “In this regard, the government will also guarantee TNB’s financing of up to RM6 billion to ensure its electricity supply generation operation will not be interrupted for the benefit of Keluarga Malaysia, in addition to catalysing the sustainability of the country’s energy industry,” he said. – Bernama, August 27, 2022.小白一个,来学经验