Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair ...
TOKYO - Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month.
“The markets had hoped for Powell to express dovish views and they got what they wanted,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. But the Fed chair’s cautious stance on the world’s largest economy helped revive views of a chance of heftier easing at the next Fed policy meeting on July 30-31.
The greenback was down 0.15% at 108.320 yen, forced off a six-week high of 108.990 scaled the previous day.The Australian dollar was steady at $0.6961 following an overnight rise of 0.5% against the broadly weaker dollar. The surge helped the Aussie pull away from a 2-1/2-week trough of $0.6910.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fed-funds futures traders now see 16% chance of half-point cut by Fed in JulyFed-funds futures traders on Wednesday increased bets on a half-point cut in interest rates by the Federal Reserve at the end of the month, according to CME...
Baca lebih lajut »
Goldman Sachs warns investors that a Fed rate cut won't do much for the stock market'A lot of that rise in the market, in my estimation, is already behind us,' says Goldman strategist David Kostin.
Baca lebih lajut »
Stock rise after dovish testimony by Fed Chairman PowellStocks shake off pre-market losses to rise early Wednesday, after the release of testimony by Federal Reserve Chairman Jerome Powell, before Congress
Baca lebih lajut »
Fed Chair Powell's job is safe 'at the present time,' Larry Kudlow says'I personally believe the Fed should be independent,' Larry Kudlow said. 'But that word 'independent,' I mean, it doesn't mean they operate from another planet.' CapitalExchange
Baca lebih lajut »
Dow futures slightly lower ahead of Fed Chair Powell's testimonyFederal Reserve Chairman Jerome Powell is likely to keep the markets guessing about how soon and how deep the Fed intends to trim rates.
Baca lebih lajut »