Dollar Cedes Ground, Asia Stocks Mixed as Fed Looms Large
The chances of the Fed kicking off its easing cycle with a super-sized cut of 50 basis points (bps) oscillated in Asia, retreating to 63% early in the day from 67% around the same time on Tuesday, according to LSEG data. However, as of 0137 GMT, the odds were back at 65%.
Dollar cedes overnight gains, Asia stocks mixed as Fed looms large
The chances of the Fed kicking off its easing cycle with a super-sized cut of 50 basis points (bps) oscillated in Asia, retreating to 63per cent early in the day from 67per cent around the same time on Tuesday, according to LSEG data. However, as of 0137 GMT, the odds were back at 65per cent.
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