US Dollar Price Outlook: USD Recovery Hinges on Upcoming Inflation Print 2021-03-10 07:30:00 Daniel Moss, Analyst
US Dollar, Treasury Auctions, Bond Yields, Inflation, Federal Reserve – Talking Points:
Asian equity markets broadly gained during APAC trade as global bond markets stabilized.
Upcoming inflation figures will likely determine the near-term trajectory of the haven-associated US Dollar. Advertisement
Asia-Pacific Recap
Asian equity markets broadly gained during APAC trade, following on from the rally seen in US technology stocks overnight as Treasury yields held recent declines. Japan’s Nikkei 225 nudged marginally higher alongside Hong Kong’s Hang Seng Index, while China’s CSI 300 rose 0.9% on the back of yesterday’s intervention by state-backed funds to limit the index’s recent losses. Australia’s ASX 200 slid 0.84% lower.