Gold prices are moderating in Asia-Pacific hours as markets weigh the FOMC decision. The US jobs report on Friday may offer gold its next directional cue.
The Chinese Yuan fell almost 1% against the US Dollar as traders weigh new Covid lockdowns following downbeat PMI figures. The RBA rate decision is in focus for APAC traders.
Crude oil prices fell around 2% on Monday as lockdowns across China ramped up. Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate decision and the US jobs report.
The New Zealand Dollar may rise against the US Dollar and Australian Dollar after the island nation’s third-quarter employment numbers beat estimates, underpinning RBNZ rate hike bets.