MARCHASIA BUSINESS OUTLOOK9The dollar remained relatively stable on Tuesday, awaiting crucial U.S. inflation data later in the day. Meanwhile, the yen strengthened near a one-month high amid growing expectations that the Bank of Japan (BOJ) could exit negative interest rates soon. In the cryptocurrency space, bitcoin hovered above $72,000, close to breaking the previous day's record high.The euro retreated from a roughly two-month high against the dollar, last trading at $1.0931. Sterling rose slightly to $1.2822, but it was still some distance away from Friday's more than seven-month peak. Currency movements were restrained, and the dollar paused its re-cent decline ahead of the U.S. inflation reading, provid-ing further insight into when the Federal Reserve might begin its expected rate easing cycle this year.Analysts anticipate core consumer prices to have risen 0.3 percent on a monthly basis in February. Inves-tors will closely monitor any upward surprises, similar to January, which could affect the anticipated pace of Fed rate cuts. The Australian dollar edged up slightly to $0.6615, while the New Zealand dollar dipped to $0.61685. The dollar index was stable at 102.80, having touched a roughly two-month low of 102.33 last week.The greenback's decline has been driven by increas-ing expectations that the Fed might start cutting rates by June. This sentiment solidified after comments from Fed Chair Jerome Powell last week and Friday's jobs data indicating softening underlying labor market conditions in the U.S.Speculation about the BOJ potentially moving away from ultra-easy policy settings at its upcoming policy meeting supported the yen in Asia. Against the dollar, the yen steadied at 146.94, not far from the previous day's one-month high of 146.48. The BOJ's refraining from purchasing Japanese exchange-traded funds on Monday, despite a significant drop in domestic shares, further fueled expectations of a policy shift. Japan has maintained negative short-term interest rates and a massive stimulus program to stimulate its economy for years. The United Arab Emirates and Greece marked a few agreements. They examined ways of widening co-activity and promoting trade and economic ties between the two countries as a feature of their Comprehensive Strategic Partnership (CSP).The starting pact was endorsed after the UAE government authorities and confidential area chiefs driven by Dr Ruler Al Jaber, Minister of Industry and Advanced Technology, had conversations in Greece during an authority visit, the Service of Economy added.Mubadala Investment Firm, Abu Dhabi's essential speculation arm, and Greece's Hellenic Improvement Bank of Ventures consented to an agreement to expand their current alliance through a 200 million ($219 million) venture. The new speculation, notwithstanding a 400 million partnership declared in 2018, is supposed to support co-activity in arising and confidential interests in Greek subsidizes that emphasize high-development areas, the ministry said.The UAE-Greece CSP traverses regions that include political co-activity, international humanitarian developments, exchanges, ventures, the travel industry, culture, and energy area speculations, among others. Dr Al Jaber said the UAE quickly supported key relations with the EU country, especially in commonly helpful areas.The authorities from the different sides likewise explored the headway made on a 4 billion joint speculation store laid out by the two nations in 2022 to fund the Greek economy. The asset's joint directing board likewise held a gathering to examine "promising" investment opportunities, determined to cultivate "sustainable" and "long-term" agreements.According to the statement, the two sides gave higher importance to upgrading co-activity in advanced taxpayer government services and artificial intelligence. NEWSROOMJPY ON THE RISE AS USD REMAINS RELATIVELY STABLEUAE AND GREECE INK PACTS TO FORTIFY TRADE & ECONOMIC TIES
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