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 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.
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