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Monday, July 24, 2017

Asia FX: Mixed on caution ahead of US FOMC meet Tue-Wed

                         

Asian currencies were mixed against the US dollar today due to caution ahead of the US Federal Reserve's two-day policy meeting starting Tuesday. Most Asian share indices were down today as growing political uncertainty in the US has contributed to the risk-off sentiment among investors globally.    Concerns over US President Donald Trump's ability to deliver on his economic agenda rose after media reports claimed that the investigation into Trump's links with Russia could be extended to his personal businesses. The Trump administration took a fresh hit on Friday after White House spokesman Sean Spicer resigned, highlighting an upheaval within the President's inner circle.



Source: Newswire













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