Asian currencies, stocks strengthen as Fed hints dovish stance

ASIAN emerging market currencies and equities climbed higher on Friday after the Federal Reserve indicated it would maintain a dovish tilt, while traders look ahead to the U.S. nonfarm payrolls data later in the day.

Among equities, Taiwan stocks rose 0.5% to be the top gainer in the region, while Malaysia stocks added 0.4%. Markets have consistently scaled back the timing and amount of rate cuts this year from the Fed as inflation has proved to be sticky. "Rate cuts by the U.S. Fed will provide EM Asian central banks with the space to also lower their domestic interest rates, thereby providing a tailwind for a pickup in economic growth," said Lloyd Chan, FX strategist, MUFG.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Most Asian currencies slip on Fed uncertainty; stocks mixedThe activist and former Hollywood actor was diagnosed with young-onset Parkinson’s disease a year after 'Back To The Future Part III' was released in 1990.
La source: staronline - 🏆 4. / 75 Lire la suite »

Most Asian currencies muted; stocks gain ahead of Fed rate decisionOnline fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations, the bloc said on April 26 as it added the company to its list of big platforms that need extra scrutiny.
La source: staronline - 🏆 4. / 75 Lire la suite »