Asian traders struggle after Wall St losses as US yields spike …C0NTINUE READING HERE >>>
The dollar has rallied against its peers as traders scale back their rate cut expectations.
Photo: KAREN BLEIER / AFP
Source: AFP
Asian markets were mixed Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts.
With the US presidential election still seen as a coin toss less than two weeks out, there was plenty of uncertainty on trading floors, though observers said dealers were eyeing a win for Donald Trump and policies that could stoke inflation again.
That, along with a strong run of…
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