Key Points
SYDNEY (Reuters) Asian shares inched higher on Monday as investors hoped U.S. inflation data this week would not derail the outlook for lower interest rates, while the risk of currency intervention from Japan stalled the yens decline for the moment...
Anything higher would be taken as a setback to hopes for a Federal Reserve rate cut in June...
Swedens central bank meets on Wednesday and is generally expected to keep rates at 4.0%, though a surprise easing by the Swiss National Bank (SNB) last week has markets anticipating a dovish statement...
While the Fed sounded dovish last week, it was hardly alone, with the Swiss central bank (SNB) actually cutting rates while the Bank of England (BoE) and European Central Bank (ECB) left markets looking for easings from June onwards...
We think the dollars rebound reflects the more explicitly dovish stance of other major central banks in particular the SNB and the BoE, said Jonas Goltermann, deputy chief markets economist at Capital Economics...
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