Asian shares benefit from weaker dollar after Fed chair takes dovish stance
US currency slips after Jerome Powell testifies the economy is still under threat
11 July 2019 - 07:37
Tokyo — Asian stocks gained and the dollar drooped on Thursday after Federal Reserve chair Jerome Powell reinforced prospects of a US interest rate cut at the end of July.
In an appearance before his congressional overseers on Wednesday, Powell confirmed that the US economy is still under threat from disappointing factory activity, tame inflation and a simmering trade war...
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