Asia FX edges lower as dollar finds footing before more economic cues
Investing.com-- Most Asian currencies fell slightly on Tuesday as demand for the dollar remained steady before several major U.S. economic readings this week, while sentiment also remained on edge over the Israel-Hamas war.data is due later in the day, while a string of Federal Reserve members are set to speak this week, most notably
The data and the addresses are set to offer more cues on the world's largest economy, and will be closely watched after a surprise rise in U.S. inflation over the past three months spurred fears of a more hawkish Fed.in the third quarter. The reading saw analysts scale back their expectations for more interest rate hikes from the Reserve Bank.rose 0.
A debt crisis in the property market is also expected to have further dented economic growth, although a string of monetary stimulus measures over the past quarter likely helped offset a bigger decline in growth.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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