Asia Stocks Rise, Dollar Sags As Fed Chair Sets Stage For Rate Cut.

Asia Stocks Rise, Dollar Sags As Fed Chair Sets Stage For Rate Cut.

Thursday, July 11, 2019
Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month.

In an appearance before his congressional overseers on Wednesday, Powell confirmed that the US economy is still under threat from disappointing factory activity, tame inflation and a simmering trade war.

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