Asia Shares Slip, Dollar Gains As Sterling Slides.

Asia Shares Slip, Dollar Gains As Sterling Slides.

Wednesday, July 17, 2019
Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street, while the dollar got a lift from robust U.S. retail data and a Brexit-driven dive in the pound.

Oil prices also took a spill on hints U.S. tensions with Iran could be easing and as data showed stockpiles fell by less than expected last week.

Early action was muted with MSCI’s broadest index of Asia-Pacific shares outside Japan off 0.18%.

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