Investors also weigh likelihood of Chinese economic stimulus package.
The Fed's July decision will be announced later on Wednesday following its two day meeting. The benchmark rate is expected to be lifted to a range between 5.25% and 5.5%.
"A follow-up hike is partially priced in over the second half, but we think this will be the last hike this cycle," the economists said, adding ANZ did not expect a U.S rate cut until the second quarter of 2024.is still being mulled by investors after the country's top leaders this week flagged policy support for the COVID-ravaged economy.
"There is discussion among investors as to whether China could implement an old-school stimulus in the property sector and look to support developers, which is positive for steel consumption and producers," said Karen Jorritsma, head of equities in Australia at RBC Capital Markets. The dollar rose 0.02% against the yen to 140.93 . It is still some distance from its high this year of 145.07 on June 30.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than 1m investors hold Bitcoin - IT-OnlineThe world’s largest and most expensive cryptocurrency, Bitcoin, made a comeback this year. The renewed institutional interest in cryptocurrency sent Bitcoin surging to a new 12-month high, with its price jumping above $31 300 in June. Although BTC lost some of its gains in the last week of the month, it still finished the first […]
Read more »
Investors dismayed as ‘surreal’ CO2 credit plan moves aheadA plan by a Belarusian trade group to sell 2 million Russian carbon credits from a defunct United Nations program has been slammed by climate experts and trading veterans.
Read more »
Trading strategies for South African investors: Techniques for successful tradingIn South Africa, the investment industry is extensive and dynamic, offering investors a wide range of strategies and approaches.
Read more »