Financial Markets
Asia Markets Rally as Fed Signals June Rate Cut
Asian markets rallied after Federal Reserve Chair Powell indicated a June rate cut was likely, pushing the MSCI Asia-Pacific index to an 18-month high.
Financial Markets
Currencies
India's Rupee Hits Record Low Against Dollar on Capital Outflows
The Indian rupee weakened to a record 85.40 per dollar as foreign investors pulled $8.2 billion from equities in Q4, pressuring the central bank's reserve management.
Currencies
Yen Carry Trade Unwinds as BOJ Signals January Rate Hike
The yen jumped 2.8% against the dollar after BOJ Governor Ueda signaled a January rate hike, triggering a partial unwind of global carry trade positions.