On Wednesday, March 19, Asian shares decline, as investors continue to observe the Crimea-Ukraine crisis and wait for the review of the Federal Reserve policy.
The slowing economic growth of China, the present crisis in Ukraine, and the economic situation of the United States caused global markets to slip. Furthermore, the economic situation in the US resulted in many speculations about the future of the Federal Reserve policy review.
Despite concerns on the economy of China, the Yuan exceeded the midpoint set by the central bank by one percent. This was the first time Yuan reached this margin since the daily trading band was extended by two percent.
Even with the weaknesses of Australia, China, and India, the Asian market continues to show promising performances, as South Korea and the Philippines become stronger.
Fed Policy Review
Apart from the continuous decrease of the size of its monthly bond purchase program, experts expect the Fed to change its forward guidance when it announces its policy statement.
This will be the first Fed policy review supervised by Janet Yellen, the new head of Federal Reserve.