Asian shares extended gains on Monday to hit a three-month high as risk assets g...
Activity later in the week will be dominated by the U.S. Federal Reserve, which markets expect is all but certain to lower interest rates at its Wednesday meeting.
“The outcome of the FOMC policy meeting will most likely draw the largest market reaction,” said Richard Grace, Sydney-based chief currency strategist at Commonwealth Bank. “That means the 27.6% pricing for an additional 25 bps cut in December will quickly evaporate, sending U.S. yields and the USD higher.”
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