Dollar edges lower, Asian stocks slip following Biden’s election exit

July 22, 2024

Biden’s endorsement of Harris and China’s central bank rate cut caused the dollar to slip and Asian stocks to fall. The US dollar fell 0.2%, the Mexican peso climbed. Stocks in Japan and South Korea dropped. PBOC’s reverse repo rate was lowered to 1.7%. Oil and gold prices increased. Focus points include Europe’s economic data, US growth, and corporate earnings.

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