Forex Today: Dollar rebounds as China Evergrande jitters damp mood, Powell eyed

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Here is what you need to know on Friday, September 24: The risk-on sentiment from the US last session cooled off slightly in the Asian trading this Friday, as the ongoing uncertainty around the fate of indebted China Evergrande put investors in limbo.  The Asian markets traded mixed while the S&P 500 futures fluctuated between gains and losses, virtually unchanged on the day. The US dollar looked to stabilizing, attempting a minor bounce after Thursday’s blow. The cautious market mood combined with higher Treasury yields rescued the dollar bulls. No latest developments on the China Evergrande story after Thursday’s local coupon repayment spooked markets, as they await fresh updates on the impending USD83 million offshore coupon payment and next week’s $47.5 million payment, both of which have 30-days grace period before they could be considered as default. Investors also digest the hawkish shifts in the Fed’s and BOE’s monetary policy st
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