Reported 7 months ago
On Thursday, Asian stocks and currencies experienced fluctuations as investors analyzed the impact of the Federal Reserve rate decision and US consumer price data. Despite Fed officials retracting their rate cut forecasts, strategists anticipate equities and dollar-denominated bonds to benefit. Currencies like the Indonesian rupiah and South Korean won are expected to perform well in a risk-on environment. The Fed’s decision is seen as supportive for risk assets due to the positive inflation data and lower rates forecast, with Asian bonds remaining attractive diversifiers for global portfolios.
Source: YAHOO