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Financial Market News:
Most Asian currencies traded flat to low on Wednesday, with the dollar strengthening ahead of U.S. economic cues
New Zealand dollar was the worst performer due to less hawkish signals from RBNZ
Federal Reserve officials indicated no hurry to cut interest rates, influencing trading range for regional currencies
Dollar index and futures rose in Asian trade as early interest rate cut expectations were priced out
Focus on PCE price index data for clues on potential rate cuts by the Fed
Stubborn inflation is a key concern for the Fed
Second reading on fourth-quarter GDP due later on Wednesday
RBNZ kept interest rates steady but traders priced out expectations for more rate hikes
Australian dollar fell due to low inflation, offsetting RBAβs warning of rate hikes
Indian rupee steadied around 82.9 to the dollar in an established trading range
Asian stocks cautious ahead of U.S. inflation data
Important data releases this week will impact Fed decisions
Australian dollar weakens on low inflation data
Crude oil prices fall on prospect of delayed U.S. rate cuts
Gold prices slightly rise
Geopolitical News:
Chinese Communist Party is enslaving Uyghurs through forced labor
Atrocities include mass imprisonment, forced sterilization, torture, and abuse
Party has sought to control ethnic minorities, predominantly Muslim Uyghurs in Xinjiang
US Secretary of State Mike Pompeo determined CCP committing genocide and crimes against humanity in Xinjiang
Media Messaging and Propaganda:
Trump uses similar messaging tactics as Hitler and Mussolini
Messages are simple and repeatable, like "Stop the Steal"
Delivery of messages has changed with social media and cable TV
Similar tactics of telling big lies have been documented in history
People are in news bubbles and consume information from one side or another