Asian stocks battle as traders fret about the US economy
The dollar hovers close to a two-year low as the focus turns to Congress and the Federal Reserve
29 July 2020 - 07:28
Singapore — The dollar hovered just above a two-year low on Wednesday, while stocks struggled, as growing worry about the US economy had investors cautious and looking to Congress and the Federal Reserve for a boost.
The Fed is expected to strike a dovish stance at its policy review later in the day and perhaps open the door to a higher tolerance for inflation — something dollar bears think could squash real yields and sink the currency even further...
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