Asian shares steady, dollar near 4-month high before Fed decision

Asian shares steady, dollar near 4-month high before Fed decision

Wednesday, May 02, 2018


Asian Market 1
Asian equities held steady on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening.

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed, while Japan’s Nikkei eased 0.2 percent and South Korea’s KOSPI slipped 0.3 percent.

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