The dollar was slightly lower to flat against a basket of major currencies around midday in Asia with Fed policymakers expected to hike interest rates by 50 basis points (BPS) later in the day in a bid to tame surging inflation. "The upshot is that a lot of Fed tightening has been communicated and already been priced, but there are considerable uncertainties on where the terminal rate should settle at, thereby accounting for elevated implied volatility," analysts at DBS said in a note.
Swarmio Media Holdings Inc. (CSE: SWRM) (OTC: SWMIF) ('Swarmio' or 'the Company'), a technology company focused on the global deployment of its proprietary gaming and esports platform via its telecom operator ("telco") partners, announces the launch of its Ember gaming and esports platform across the Philippines with Globe Telecom (PSE: GLO) ("Globe").
* Indian cenbank leaves rates unchanged * Investors await stimulus measure from China * Indonesia benchmark index hits record high By Tejaswi Marthi April 8 (Reuters) - Indonesian shares hit a record high on Friday as the central bank's forecast of annual inflation being within its target range quelled fears around rate hikes, while investors awaited stimulus measures from China after its recent COVID-19 outbreak. Equities in Indonesia advanced 0.9% to eye their best week since early-January, while stocks in the Philippines also rose 0.9% to mark their best day in two weeks after its exports rose at the fastest rate in six months in February. Chinese stocks rose 0.1% amid choppy trade as the country grapples from its worst COVID-19 outbreak in two years.