Both the dollar and riskier Asian currencies held on to modest overnight gains o...
which hit a six-week high in offshore trade on Monday, before retreating, was steady at 7.0617 per dollar.The U.S. central bank is expected to cut rates for a third time in a row when it concludes its two-day meeting on Wednesday.
Investors are watching for any indication that further cuts are likely, with futures pricing suggesting an expectation for further easing in 2020.“It still looks like a done deal that they will cut, but then the risk is that they might characterise that as just one more insurance move ... the market will have to take out the pricing it’s got for future dates.
Johnson has said he would try again, by a different legislative route that would only require a simple majority, rather than a two-thirds majority.
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