Markets Mixed as Investors Eye US Inflation and China's Policy Moves
TL;DR
The US dollar strengthened after reports that China may allow the yuan to weaken in anticipation of higher tariffs under a potential second Trump presidency. This news affected markets, causing the offshore yuan to drop by 0.5% and boosting Bloomberg's dollar index by 0.3% to a two-week high, ahead of upcoming US inflation data and a Federal Reserve meeting.
- Dollar Gains on Report China May Allow Weaker Yuan: Markets Wrap Bloomberg
- Asia-Pacific markets close mixed as investors await key policy meeting in China CNBC
- Emerging Stocks Fall, Currencies Edge Higher Ahead of US CPI Yahoo Finance
- Asia stocks mixed ahead of US inflation, China shares rise on policy hopes Investing.com
- Stocks struggle for direction before US inflation data The Elkhart Truth
Want the full story? Read the original reporting
Read on Bloomberg