Asian shares firmed on Friday as Singapore became the latest country to pause its policy tightening and markets became more confident the likely next hike in U.S. rates would be the last this cycle.
"We will be looking at bank earnings calls to follow discussions around deposits, lending standards, and any adjustments to bank funding that might be planned, including more debt sales," said analysts at NatWest Markets.output beating expectations and inflation proving sticky, markets are still pricing in at least 50 basis points more tightening there and no cuts this year.
A break under 100bp would see the spread at its narrowest since early 2014, when the euro was up around $1.3600. On Friday, the single currency was firm at $1.1059 , having hit a one-year top of $1.1068 overnight. The dollar was relatively steady on the yen at 132.57 yen , supported by the Bank of Japan's still uber-easy policy stance.
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