- The dollar sank to a three-month low ahead of the release of a US inflation report that will help determine the Federal Reserve's policy path. Hong Kong stocks climbed after data revealed a rapid expansion of credit in the world's second-largest economy.
- The New Zealand dollar recovered after initially losing ground on the announcement by the local central bank that interest rates would remain steady for the first time in nearly two years. The yields on the country's sovereign bonds have fallen.
- Stocks in Asia were uneven, with gains in Australia and falls in both Tokyo and Seoul. In contrast to Hong Kong's advances, China's domestic benchmark CSI 300 index was flat, indicating that local investors want additional intervention to help an ailing economy.
- In Asian morning session, American stock futures were slightly moved. The focus of traders' attention is on US consumer pricing data due later Wednesday. The yen has also risen beyond the critical 140 mark, owing to speculation that the BoJ will change policy later this month.
- On anticipation of lower US inflation, a barometer of dollar strength fell to its lowest level since April. Treasury yields have remained stable.
- The offshore yuan rose for a fifth day against the US dollar after China's central bank maintained currency support with a stronger-than-expected daily reference exchange rate.
