Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
The U.S. Treasuries gained Monday as investors look forward to a host of speeches from the Federal Open Market Committee (FOMC) members, scheduled for later today and through the week. Also, 10-year note auction, due to be held on may 10 will provide further direction to the debt market.
The yield on the benchmark 10-year Treasury slumped 1-1/2 basis points to 2.33 percent, the super-long 30-year bond yields plunged 2 basis points to 2.97 percent and the yield on short-term 2-year note traded 1/2 basis point lower at 1.31 percent by 12:10GMT.
Lastly, the country’s initial jobless claims and the consumer price inflation for the month of April, lined up for later in the week will play a significant role in deciding the movement in the country’s money market.
Meanwhile, the S&P 500 Futures traded 0.11 percent lower at 2,395.00 by 12:10GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 76.63 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
