Investing.com-- Most Asian currencies moved little on Friday as markets hunkered down before a series of major central bank meetings next week, while the Japanese yen strengthened slightly on strong inflation data, but remained close to a one-year low.
China is considering increasing its budget deficit to spend an additional 1 trillion yuan ($137 billion) on infrastructure projects. This proposed stimulus spending aims to boost China's economy by funding construction. However, the expanded deficit would surpass the government's 3% GDP target. Yahoo Finance reporter Jared Blikre analyzes China's proposed infrastructure spending increase, examining the market trends and economic factors that likely influenced this policy decision. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The U.S. dollar (DX-Y.NYB) has been under pressure after China's central bank made moves to push back against the dollar's strength. It's also feeling the impact of hawkish talk from the head of Japan's central bank. Yahoo Finance Markets Reporter Jared Blikre breaks down the dollar's moves.