Asian Markets Start the Week with Caution; Focus on Federal Reserve’s Decision
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Asian equities opened the week cautiously as investors awaited the Federal Reserve’s decision on interest rates.
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The Fed is expected to cut rates by 25 basis points this week (to the 4.00–4.25% range), with additional cuts possible later in the year.
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The Bank of Canada may also follow with a rate cut, while Japan and the U.K. are likely to hold steady.
Implications for Forex and Crypto Traders:
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Major currency pairs such as EUR/USD and USD/JPY may see heightened moves following the Fed’s decision.
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A dovish stance by the Fed could weaken the U.S. dollar, benefiting dollar-denominated pairs.
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Asian equity markets and risk assets may respond positively to a rate cut.
