Asian Shares Falter, Dollar Jumps As Powell Dampens Hopes For More Rate Cuts.

Asian Shares Falter, Dollar Jumps As Powell Dampens Hopes For More Rate Cuts.

Thursday, August 01, 2019
Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.4%, extending losses for a fifth day to the lowest since mid-June.

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