{"id":1341,"date":"2023-02-22T08:01:43","date_gmt":"2023-02-22T13:01:43","guid":{"rendered":"https:\/\/embarrdowns.com\/asian-currencies-slump-ahead-of-fed-minutes-release\/"},"modified":"2023-02-22T08:01:43","modified_gmt":"2023-02-22T13:01:43","slug":"asian-currencies-slump-ahead-of-fed-minutes-release","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/asian-currencies-slump-ahead-of-fed-minutes-release\/","title":{"rendered":"Asian Currencies Slump Ahead of Fed Minutes Release"},"content":{"rendered":"

Asian currencies fell on Wednesday following a rise in Treasury yields and a strengthening U.S. dollar as investors await more cues from the Federal Reserve\u2019s February meeting minutes.[0]<\/a><\/sup> The Chinese yuan was particularly hard hit, losing 0.3% on the day, due to growing uncertainty surrounding the Chinese economic recovery.<\/p>\n

It is widely anticipated that the Federal Reserve’s minutes, to be released later in the day, will again emphasize its hawkish outlook.[0]<\/a><\/sup> This comes after a stronger-than-expected inflation reading for January, which has added more weight to the Fed\u2019s rhetoric.[1]<\/a><\/sup><\/p>\n

The U.S. Personal Consumption Expenditures price index is also due this week, and is expected to show that inflationary pressures remained elevated in January.[0]<\/a><\/sup> This data is the Fed\u2019s preferred inflation gauge, and is expected to reiterate that inflation remained sticky in January.[0]<\/a><\/sup><\/p>\n

0. <\/span>“Asia FX dented by rising yields, dollar gains as Fed minutes loom” Yahoo Finance, 22 Feb. 2023, https:\/\/finance.yahoo.com\/news\/asia-fx-dented-rising-yields-015123118.html<\/a><\/a><\/p>\n

1. <\/span>“Asian stocks hit by tech rout, more Fed cues awaited” Yahoo Life, 22 Feb. 2023, https:\/\/www.yahoo.com\/lifestyle\/asian-stocks-hit-tech-rout-000230842.html<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Asian currencies fell on Wednesday following a rise in Treasury yields and a strengthening U.S. dollar as investors await more cues from the Federal Reserve\u2019s February meeting minutes.[0]<\/a><\/sup> The Chinese yuan was particularly hard hit, losing 0.3% on the day, due to growing uncertainty surrounding the Chinese economic recovery.<\/p>\n

It is widely anticipated that the Federal Reserve’s minutes, to be released later in the day, will again emphasize its hawkish outlook.[0]<\/a><\/sup> This comes after a stronger-than-expected inflation reading for January, which has added more weight to the Fed\u2019s rhetoric.[1]<\/a><\/sup><\/p>\n

The U.S. Personal Consumption Expenditures price index is also due this week, and is expected to show that inflationary pressures remained elevated in January.[0]<\/a><\/sup> This data is the Fed\u2019s preferred inflation gauge, and is expected to reiterate that inflation remained sticky in January.[0]<\/a><\/sup><\/p>\n

0. <\/span>“Asia FX dented by rising yields, dollar gains as Fed minutes loom” Yahoo Finance, 22 Feb. 2023, https:\/\/finance.yahoo.com\/news\/asia-fx-dented-rising-yields-015123118.html<\/a><\/a><\/p>\n

1. <\/span>“Asian stocks hit by tech rout, more Fed cues awaited” Yahoo Life, 22 Feb. 2023, https:\/\/www.yahoo.com\/lifestyle\/asian-stocks-hit-tech-rout-000230842.html<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1340,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1341"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=1341"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1340"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}