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The implications of the federal rate cut have already started to show their ripple effect. In his recent address, Jerome Powell, the Federal Reserve chair, shared his stance on the latest rate cut expectations, adding how a policy change is already under consideration. Powell’s remark has potentially caused a domino effect on the current US economy, with investors and organizations bracing for a headstrong economic collision that may either break or make the economy’s robustness. The new currency dynamics are also at play, which may change the course of the USD in the long haul. Also Read: Investors Pivot To ASEAN Amid Weak US Data Assumptions How US Interest Rates Cut May Strengthen Yuan? Source: Gina Sanders / Fotolia via Wodicka According to Bloomberg, Chinese companies may look forward to selling their $1 trillion worth of dollar-denominated assets once the rate cut expectations are finalized. This phenomenon can trigger an “avalanche” in space, amping the price of yuan by at least...

A possible collaboration between ASEAN and the GCC may be on the cards as the world shifts toward embracing a collective economic growth outlook. ASEAN has dropped hints that the ten bloc nations want to join hands with the Gulf Cooperation Council to formulate a trade pact intended to bolster their trade prospects. Also Read: Chinese Yuan Strengthens Against the US Dollar: What’s Going On? GCC and ASEAN: What’s Happening Source: Pixabay ASEAN recently expressed its desire to strike a strategic deal with the GCC to bolster its collective trade avenues. According to ASEAN’s secretary, General Kao Kim Hourn, there’s a request being made by the GCC to form an FTA with ASEAN as a step to initiate the collective endeavor. “There is a request from the GCC to have a FTA with us. I think they are confident in wanting to cooperate with ASEAN . And this is a positive development,” Kao told reporters in Jakarta. Just like ASEAN , the GCC comprises six powerful nations, notabl...

With ASEAN echoing calls for a multipolar world, a new nation has now joined this narrative to further injure the US dollar’s prestige. China has decided to ally with ASEAN nations to bolster the community prospects between the two groups and, at the same time, work towards common goals that assist in establishing a nuanced world order. Also Read: Currency: 3 Reasons Why US Dollar Days Are Numbered ASEAN and China: What’s Happening? Source: Beawiharta Beawiharta / Reuters / cfr.org In a recent roundtable address dubbed the 37th Asia Roundtable, China’s ambassador to Malaysia, Ouyang Yuijing, presented a new world perspective that ASEAN and China could collectively work on. Banking on the theme of “Crisis in an Interregnum,” Ouyang reiterated how China is keen to work with ASEAN to bolster and implement the three global initiatives. The intent behind spearheading such endeavors is solely focused on fostering long-term community development between th...