BOJ holds rates unchanged
The Bank of Japan voted to hold interest rates unchanged at 0.5%, the highest since 2008 as expected.
All nine members of the BOJ voted unanimously in favor of maintaining rates unchanged, as policymakers require more time to assess the impact of US tariffs on Japan’s export-oriented economy.
Ripple tumbles 4% on weak risk appetite
Most cryptocurrencies fell on Tuesday amid a weak risk appetite, with markets following geopolitical developments and the trade war, while waiting for the Federal Reserve’s policy decisions.
Analysts expect the Fed to hold interest rates unchanged at this week’s meeting.
However, investors expect the Fed to release detailed forecasts for growth, inflation and interest rates to gauge the impact of US President Donald Trump on policies.
Investors continue to be concerned about the ongoing global trade war and its impact on businesses and sales.
US President Donald Trump spoke to Russian counterpart Vladimir Putin on the phone, and discussed ways to end the three-year long war in Ukraine, which could lessen US sanctions on Russian fuel exports.
Trump said he agreed with Putin on an immediate ceasefire in the energy and infrastructure sectors, with an understanding that both parties will work towards a full ceasefire quickly.
Ripple
On trading, ripple spiked 3.9% as of 20:21 GMT to $2.26.
Gold hits fresh record high for fourth straight session
Gold prices rose on Tuesday as the dollar reversed lower ahead of the Federal Reserve's policy decisions.
Analysts expect the Fed to hold interest rates unchanged at this week’s meeting.
However, investors expect the Fed to release detailed forecasts for growth, inflation and interest rates to gauge the impact of US President Donald Trump on policies.
Investors continue to be concerned about the ongoing global trade war and its impact on businesses and sales.
Otherwise, the dollar index fell 0.1% as of 19:53 GMT to 103.2, with a session-high at 103.6, and a low at 103.2.
On trading, gold spot prices rallied 1.3% as of 19:54 GMT to $3043.6 an ounce.
Wall Street declines ahead of Fed's meeting
US stock indices fell on Tuesday after a two-session decline before the Federal Reserve’s policy meeting.
Analysts expect the Fed to hold interest rates unchanged at this week’s meeting.
However, investors expect the Fed to release detailed forecasts for growth, inflation and interest rates to gauge the impact of US President Donald Trump on policies.
Investors continue to be concerned about the ongoing global trade war and its impact on businesses and sales.
On trading, Dow Jones fell 0.4%, or 171 points as of 14:35 GMT to 41,669 points, while S&P 500 dropped 0.9%, or 55 points to 5620 points, as NASDAQ lost 1.7%, or 309 points to 17,501 points.