The U.S. dollar rose against the yen for a second straight day and hovered near its highest level in roughly 10 weeks against the euro. » Read More
The Bank of Thailand faces a tough policy decision, while SKorea will release Q4 GDP and Japan offers up inflation data in a short week.
Most Asian markets advanced Thursday as investors cheered clarity from the Federal Reserve and a rise in oil prices, but Japan shares lost ground.
Most Asia markets lost ground Tuesday, tracking Wall Street's weak performance, with analysts saying traders are turning more cautious after the recent rally.
Asian markets rose Wednesday, with China leading advances after a strong finish on Wall Street overnight.
Australia's economy expanded an annual 3% rate in Q4, well above Q3's 2.5% rise, but commodity prices and income growth remain a worry.
The U.S. dollar rebounded against the yen and hit one-month highs against the euro on Tuesday.
Emily Dabbs from Moody's Analytics says the RBA is unlikely to change rates in 2016, but will monitor the markets and employment data closely.
The move was widely expected given signs that the domestic economy was holding up in the face of global headwinds.
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The Reserve Bank of Australia said the pace of economic growth should pick up gradually in the next few years without inflation being a problem.
It was too early to see if markets turmoil would scuttle Australia's moderate pace of growth, the country's top central banker said.
Japan's negative rate policy should have weakened the yen, but instead it's spurred a rally as appetite to use the currency to fund other bets wanes.
The dollar rebounded on Friday after data showed a pickup in U.S. wages, suggesting rates hikes are more likely to happen in 2016.
The U.S. dollar fell against the euro and yen on Tuesday after a drop in oil prices suggested U.S. inflation would stay low.
Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble.
Paul Bloxham, chief economist for Australia and New Zealand at HSBC says the RBA still has scope to cut rates given low inflation.
Strength of Aussie dollar can prove to be a concern in the long term, says Jonathan Cavenagh, head of EM Asia forex strategy at J.P. Morgan.
Asia markets closed mixed, with indexes in Australia, Japan and Korea extending Friday's gains on the back of the BOJ's surprise rate move.
Australia's shares are set to enter a bear market, but investors will likely emerge with a profit if they hang on for a year, Credit Suisse said.
Australian banks stocks enjoyed an oversold bounce after the Fed hike, but are likely to remain in a range-bound trade for the next 12 months, says Gary Burton, market technical analyst at FP Markets.