Asia shares buoyed by Fed pause bets; dollar heavy
newscatcher
2023-06-09 04:32
Asia shares buoyed by Fed pause bets; dollar heavy
TOKYO – Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues from an overnight Wall Street rally as market bets firmed for the Federal Reserve to skip a rate hike next week. Japanese and Australian bond yields followed those on U.S. Treasuries lower, and the dollar remained on the defensive early in the Asian session. MSCI's broadest index of Asia-Pacific shares added 0.6 percent, and at one point touched its strongest level since Feb. 16. Much of that was driven by a 1.

https://business.inquirer.net/404617/asia-shares-buoyed-by-fed-pause-bets-dollar-heavy

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