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Asian currencies face pressure ahead of Fed decision and China meeting
Asian currency traders are on edge following a recent selloff, preparing for potential further losses as the Federal Reserve announces its policy decision and China concludes a legislative meeting. If the Fed indicates a cautious approach to interest-rate cuts or if China's announcements fail to impress, Asian currencies may face additional pressure.
global debt crisis looms amid geopolitical tensions and economic uncertainty
Global public debt is projected to reach $100 trillion this year, raising alarms as geopolitical tensions and upcoming U.S. elections add to economic uncertainty. The U.S. budget deficit is expected to exceed 6% of GDP in 2024, while Europe struggles with deficits and growth stagnation, particularly in Germany. Meanwhile, China's economy is faltering amid a real estate crisis, with growth falling short of expectations.