In anticipation of the US Federal Reserve's interest rate decision, most liquid financial instruments are trading in narrow ranges that formed ahead of the event.
The Chinese economy is continuing to see industrial manufacturing and business activity indicators rise after it opened its borders and moved away from COVID quarantines.
Hawkish statements from Raphael Bostic and James Bullard, members of the US Federal Reserve's Federal Open Market Committee (FOMC), caused the dollar to strengthen sharply and the prices for risky assets to drop.