Asian markets mixed ahead of key Fed announcement

Asian markets were mixed Tuesday as traders shifted nervously while awaiting the Federal Reserve’s policy decision and the release of US inflation data, while the euro struggled to recover from a sell-off fuelled by political uncertainty in Europe.

After an upbeat run last week fuelled by signs of an easing in the labour market and economy, Friday’s forecast-busting non-farm jobs report provided a dose of reality that interest rates might be kept elevated for some time.

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