Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
The U.S. Treasuries steadied during Wednesday’s afternoon session amid a muted trading session that witnessed data of little economic significance ahead of the country’s 10-year TIPS auction and initial jobless claims, scheduled to be released on January 23 by 18:00GMT and 13:30GMT.
The yield on the benchmark 10-year Treasury yield traded flat at 1.772 percent, the super-long 30-year bond yield hovered around 2.227 percent and the yield on the short-term 2-year too remained flat at 1.528 percent by 11:30GMT.
In the US, today will bring existing home sales figures for December, along with the FHFA house price index for November and the Chicago Fed national activity index for December, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures remained tad 0.37 percent higher at 3,331.88 by 11:35GMT.
