Asia extends global rally thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.
Equities surged Wednesday and the dollar struggled after slower-than-forecast US inflation was seen as all but putting to bed any chance of another interest rate hike, and even allowed traders to bet on a series of cuts in the new year.Data suggests they are now betting on as much as a one percentage point cut in rates through next year.
The dollar remained under pressure agains most other units, having dropped against its major peers, though the yen s rally was tempered by news that Japan s economy shrank more than forecast in the
US CPI Unexpectedly Remained Flat in October, Bitcoin Gained 1% in 7 Days coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Equities surged Wednesday and the dollar struggled after slower-than-forecast US inflation was seen as all but putting to bed any chance of another interest rate hike, and even allowed traders to bet on a series of cuts in the new year.