Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
UK manufacturing output saw its biggest drop since 2009. Data released on Monday by the Confederation of British Industry showed that Britain's manufacturing sector remains mired in recession following months of weak demand from foreign customers and depressed demand at home.
CBI's monthly survey showed UK manufacturing output volumes fell to -15 in the three months to March from 0 in February. The total order book balance improved slightly to -14, as expected compared to -17 in February. Export orders were unchanged in the three months to March at - 19.
By contrast, expectations for output for the next three months rebounded to +23 from +11, its highest level in 13 months, suggesting that UK manufacturers expect a swift turnaround in activity over the next three months.
"Whilst total order and export books remained steady, a drop in output reflected some volatility in the food and drink sector. Reassuringly, manufacturers expect a swift turnaround in activity," Rain Newton-Smith, director of economics at CBI, said.
