Asian shares fell following hawkish comments from two U.S. Federal Reserve officials overnight with investors turning cautious ahead of key inflation data, while China’s reopening after COVID-19 restrictions pushed commodities higher. | Reuters
The U.S. dollar and U.S. treasury yields remained under pressure, with the yield on U.S. 10-year notes edging higher on Tuesday by 1.14 basis point to 3.5284 percent, from 3.517 percent late on Monday. The dollar index fell 0.068 percent.
If U.S. consumer price data confirms cooling seen in the most recent monthly jobs report, Atlanta Fed Bank President Bostic said he would have to take a quarter point increase “more seriously and to move in that direction”. “I think what would temper a lot of this optimism coming up is really the reality of this opening up. Even in Hong Kong, although it is officially open, the visa issuance has been rather slow,” Nguyen said.
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