Region: Asia Pacific

Uncertainty around US next move drives volatility. USD eases, but markets right to price a longer hold – or hikes. Asia FX splits into DM and EM.

US bond yields drive sell-off. Inflation fears seal the deal on an Aussie rate hike. NZD/USD feels the squeeze.

Aussie, kiwi rebound after early losses. Singapore’s exports surge on AI demand. Weak economic data sees Chinese yuan turn from highs.

Rising global bond yields pressure markets. Chinese yuan stronger on Beijing summit reset. Global PMIs and Fed minutes in focus.

Chinese yuan stronger on $30bn olive branch hopes. USD gains for third day after this week’s hot US inflation. Aussie, kiwi retreat from recent highs.

All eyes on Beijing. Aussie hits highs even as wages cool. Services inflation keeps Fed cuts off the table.