Asia shares edge higher, data-packed week ahead
The market did manage to weather a slightly hawkish outlook from Federal Reserve Jerome Powell, who reiterated they might have to raise rates again but promised to move"carefully".
Futures imply around an 80% chance of a steady outcome at the Sept. 20 meeting, and a 54% probability of a hike by year end.Much will depend on the flow of U.S. data which had been running hot until a batch of manufacturing surveys last week pointed to a slowdown both at home and abroad. The market is evenly split on whether there will be another rise in the 3.75% rate, with ECB President Christine Lagarde on Friday emphasising that policy needed to be restrictive.
That divergence kept the yen under pressure and early Monday the dollar was firm at 146.50, within a whisker of Friday's near 10-month top of 146.64. The euro was close to its highest since October last year at 158.27 yen.
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