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Asian Currencies Muted Amid Interest Rate Uncertainty
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Asian currencies remain muted amid uncertainty over interest rate decisions, with the Japanese yen rising due to signals from Bank of Japan Governor Kazuo Ueda. Chinese authorities are preparing a $278 billion package to stabilize the slumping stock market, while the dollar steadies near six-week highs. U.S. crude futures rose to $74.46 per barrel and Brent futures were at $79.63.
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How could the rise in U.S. crude futures and Brent futures affect oil prices and commodity markets?
How might the uncertainty over interest rate decisions impact global currency markets?
What are the potential implications of China's package to stabilize the stock market?
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