A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
The Aussie dollar's 1.6% slide against the greenback on Tuesday was its biggest fall since the U.S. regional banking shock in early March. The yen has fallen nearly 4% since the BOJ tweaked its seven-year 'yield curve control' policy on Friday.
U.S. investors bringing money back home? If so, Asian and emerging markets will likely come under more selling pressure.reaches a peak this week with more than 100 companies reporting, including mega tech firms Apple and Amazon on Thursday. Tuesday's results were a mixed bag, allowing direction to be led by macro factors.
The Asian economic and policy calendar on Wednesday will be dominated by the Bank of Thailand's expected 25-basis-point interest rate increase to 2.25%, which is likely to mark the end of the tightening cycle. But analysts don't expect the first rate cut until 2025 - although inflation has eased to 0.23%, below the central bank's target range of 1%-3%, policymakers anticipate a pick up in prices again later this year.
Annual inflation in South Korea, meanwhile, is expected to have slowed to 2.40% in July from 2.70% the month before. If so, that would mark the slowest pace since June 2021 and a significant deceleration from the 6.30% peak a year ago.- Thailand interest rate decisionBy Jamie McGeever; Editing by Deepa Babington
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