Equities fell in Asia and the dollar maintained its strength on Thursday ahead of the release of crucial US inflation data.
File: A man walks in front of an electronic board displaying stock market figures.HONG KONG - Equities fell in Asia and the dollar maintained its strength ahead of the release of crucial US inflation data that could determine the pace of Federal Reserve interest rate hikes.
While there are hopes for signs of a slowdown, traders have taken to the sidelines in case of more volatility.After another day of losses on Wall Street, Asia was again in the red with traders in Hong Kong, Tokyo, Shanghai, Singapore, Seoul, Wellington, Taipei and Manila selling. Minutes from the Fed's September meeting suggested it will press on with a fourth straight 0.75 percentage-point hike next month, with policymakers noting a slowdown of growth and the jobs market would be"required" to tame inflation, adding that prices remained"unacceptably high".Bank officials had for months stuck to a line that they will continue ramping up rates and hold them until they were satisfied they have slain inflation.
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