Asian stocks wobbled while the dollar held firm on Tuesday as traders braced for a slate of central bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now.
President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday a US$100 billion (RM445 billion) investment in the US over the next four years in what would be a boost to the US economy.
The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders have ratcheted long-term rate assumptions higher.
U.S. stock index futures moved little on Sunday evening as caution before an upcoming Federal Reserve meeting this week kept investors largely to the sidelines in anticipation of more cues on interest rates.
The Bank of Thailand (BOT) will keep its key interest rate unchanged on Wednesday after a surprise October trim, according to a Reuters poll of economists, though they were divided on whether the bank would hold or cut early next year.
China's economy is expected to grow by about 5% this year, the deputy director of the country's central financial and economic affairs commission said on Saturday.