Most Asian currencies moved in a limited range on Monday, while the dollar languished near two-month lows as markets awaited key U.S. inflation data for more cues on when the Federal Reserve will cut interest rates.
U.S. companies are set to announce investments amounting to more than $1 billion dollars in the Philippines, United States Commerce Secretary Gina Raimondo said during an official visit to Manila on Monday.
Bitcoin hit a new record high on Monday above $70,400, as the surge in the biggest cryptocurrency showed no signs of slowing down. It rose to $70,488.50 in early European trading, LSEG data showed. The cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the…
Gold prices steadied just below record highs in Asian trade on Monday, with focus turning largely to upcoming U.S. inflation data for more cues on when the Federal Reserve will begin cutting interest rates.
The meetings, slated for March 18, are part of the dialogue that led to an upgrade of ties in September during a visit to Hanoi by President Joe Biden, as Washington seeks to gain influence in the strategic Southeast Asian nation, which also has ties to China.
