Stocks set to extend declines, currencies on edge

The uptick in the outlook for consumer prices fueled bets that the Fed may make jumbo rate hikes at its next two meetings. (Image: Depositphotos)

Bloomberg

Mon, 17 Oct 2022

By Brett MillerInvestors are girding for another volatile week in markets, with Asian stocks poised to open lower, major currencies vulnerable to the strength of the dollar and bond yields elevated amid persistent inflationary pressure.Equity index futures for Japan, Hong Kong and Australia all fell more than 1%. In foreign exchange markets, traders are on guard for possible intervention to support the yen, which touched a 32-year low Friday and is within reach of the key 150 level versus the greenback. The pound rallied in early Asia...

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