Dollar Strengthens while Asian Markets Face Holiday Slowdown

Reported about 21 hours ago

Asian shares experienced a slight decline amidst thinner holiday trading, while the dollar gained momentum alongside rising U.S. Treasury yields. The market's focus remains on the Federal Reserve's future rate cuts, with traders anticipating limited easing in 2025. Despite the dip, Asian indexes are set for annual gains, bolstered by a robust performance in U.S. equities driven by artificial intelligence advancements.

Source: YAHOO

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