Most Asian currencies and commodities were steady during the session today because investors avoided building significant positions ahead of key economic data points and events in the US this week. The semi-annual monetary policy report by US Federal Reserve Chair Janet Yellen to the Congress on Wednesday and Thursday is expected to provide further cues on the possibility of interest rate hikes in the US.
Moreover, US inflation print and retail sales data for June, both due on Friday, are being keenly awaited for gauging the world's largest economy's ability to withstand gradual rate hikes.
Source: Newswire
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