Ringgit lower against USA dollar in early trade

US stocks open higher in rebound from recent dip

The Nikkei 225 index dipped 63.14 points, or 0.3%, to 20,267.05, despite the weaker yen as most automakers, financials and trading houses pulled back.

(Kitco News) - World stock markets were mostly firmer overnight.

Yellen Will Stay Hawkish Despite Inflation, Further US dollar Gains?

Labour market conditions that are not as tight as official bodies believe could be one of these mistaken assumptions, according to Yellen, so too is the FOMC's estimation of the extent to which changes in employment impact on inflation.

"People thought the economy was going to be soft here; we´re not clear on (what's happening in) Europe, inflation is missing in action and I think most people thought, 'The Fed may tighten once or twice and that´s it, '" he said. She attributed the inaccuracies to a prolonged productivity slowdown, reduced inflation expectations and other dynamics that have restrained growth and inflation.

Ghana thrash Nigeria 4-1 to win 2017 WAFU tournament
Eagles failed to match the form that previously earned them 2-0 victory against the hosts in their last game Group A on Monday. Sarfo added the third - his second of the night - in the 77th minute as Ghana completely took charge of the game.

There were many uncertainties, however, and downward pressure on inflation could prove unexpectedly persistent.

Federal Reserve Chair Janet Yellen acknowledged Tuesday that the Fed is puzzled by the persistence of unusually low inflation and that it might have to adjust the timing of its interest rate policies accordingly.

"[The Fed] should also be wary of moving too gradually".

"Sustained low inflation such as this is undesirable because, among other things, it generally leads to low settings of the federal funds rate in normal times, thereby providing less scope to ease monetary policy to fight recessions", Yellen said.

US stocks ended mixed overnight as housing and consumer confidence data disappointed investors and Fed Chair Yellen cautioned against moving too slowly on interest rates. Apple gained 1.7%, halting a four-session skid.

United Nations report details grave human rights violations in Russian-occupied Crimea
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Should there be an actual conflict this is likely to affect the US Dollar, it could cause a strengthening of the as it's considered a "safe haven" currency.

Sheldon Slabbert, a trader at CMC Markets, said the content of any tax reform will be key.

With so numerous details already leaked, the reaction in the dollar may be somewhat subdued, but the proposals are still viewed as dollar positive.

Dudley nodded to the three devastating hurricanes that have struck parts of the USA south and the Caribbean, noting their effects will likely make it more hard to interpret economic data in coming months.

Upside resistance comes in at the 50dma around 93, and channel resistance at 94.

Ivanka Trump to visit Detroit on Tuesday to promote STEM education
Establish high-quality STEM education, with a particular focus on Computer Science, as one of the Department of Education's priorities.

On inflation expectations, while the Fed's central view is for longer-run inflation expectations to remain stable, "there is a risk that inflation expectations may not be as well anchored as they appear and perhaps are not consistent with our 2% goal". Even still, if the economy was to visibly weaken in the coming months, the likelihood of a December hike will go down. The U.S. Energy Information Administration will release stocks data later on Wednesday.

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