Thailand’s monetary policy committee makes decisions based on the economic outlook when reviewing rates and so would adjust them if the current assessment changed, the head of the central bank told a business forum on Wednesday.
Most Asian currencies ticked lower on Wednesday as the dollar recouped more of its recent losses, while the Australian dollar was an outlier as sticky inflation data furthered the case for a hawkish Reserve Bank.
“Gold is still overall bullish, and that’s a story linked to the fact that next month we are expecting the start of the Fed rate cut cycle,” said Ilya Spivak, head of global macro, Tastylive.
Bitcoin fell on Wednesday, extending a sharp downturn from the prior session after the movement of a large volume of tokens onto a popular exchange rattled sentiment with the prospect of a major sale event.
European shares hit a more-than-one-month high on Wednesday, boosted by technology stocks ahead of Nvidia (NASDAQ:NVDA)’s results later in the day and as Ageas’s better-than-expected results lifted insurance stocks.
