Investors are looking ahead to China's rate decision and Fed testimony from Jerome Powell.
to discuss measures to spur economic growth, but concerns remain whether they would be enough to revive a faltering economy.
"Given that 2Q GDP growth is tracking at 0%, a strong sequential growth re-acceleration will be needed for full-year GDP growth to reach the government target of "around 5%"," said chief China economist Robin Xing.U.S. Secretary of State Antony Blinken will "Fed Chair Powell gives House and Senate testimony with focus on whether the July FOMC meeting is truly 'live', and if the Fed dot plot of two more hikes is a true base case depending on the data or more 'aspirational'," said Ray Attrill, head of foreign exchange strategy at National Australia Bank.
The dollar index was little changed against major peers at 102.34 early on Monday, after falling 1.2% the previous week, the most in five months.
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.
Asian Stock Market: China fears, downbeat S&P500 Futures prod bulls on Juneteenth holidayAsian Stock Market: China fears, downbeat S&P500 Futures prod bulls on Juneteenth holiday – by anilpanchal7 Asia Equities China RiskAversion CentralBanks
Read more »
Morning Bid: Investors look ahead to China rate decisionU.S. Secretary of State Antony Blinken's trip to China also will be in focus.
Read more »
CZ, Powell and more rally to fund legal fees for on-chain sleuth ZachXBT, surpassing $1MAmid the revelation of a defamation lawsuit, crypto executives have praised blockchain investigator ZachXBT, saying that he is the reason 'web3 is alive and flourishing.'
Read more »
Some want to fill Lake Powell, others want to drain itTo save or not to save Lake Powell? That is the question the Bureau of Reclamation is asking, now looking to the public to help create future guidelines and strategies to protect the Colorado River.
Read more »
Houston rapper Big Pokey's freestyling was the stuff of legend.Milton “Big Pokey” Powell, who spent nearly three decades contributing rhymes as...
Read more »
Shanghai: Uzbekistan’s ‘Sunday’ Wins Asian New Talent Top PrizeThe Chinese festival also honored first-time 10-year-old actor Yue Hao, who plays the leading role in the Chinese film 'Day Dreaming,' with the category's best actor prize.
Read more »