Asian stocks extended their slide as the war in Iran threatens global inflation and prompts traders to pare bets on Federal Reserve interest-rate cuts. Oil prices edged up amid concerns over shipping through the Strait of Hormuz, while gold rebounded. Markets are reacting to escalating regional tensions and potential supply disruptions.
Short-term rates ease as banks see surge in dollar deposits
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent