💨 Abstract

The US dollar is set for a significant weekly gain, nearing one-year highs, following a hawkish Fed statement. This has increased short-term Treasury yields and led to a drop in Wall Street and European stock market futures. Asian shares are expected to end the week on a steady note due to better-than-expected Chinese retail sales, but industrial output and property investment showed declines.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖