Dollar cedes ground, Asia stocks mixed as Fed looms large

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TOKYO : The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.The U.S.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.05 per cent.

Gold found its feet, rising 0.15 per cent to $2,573.18 per ounce after slipping back from an all-time high in the previous session.

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Category: EconomyBusiness

Markets: SingaporeAustraliaChinaHong KongIsraelJapanSouth KoreaLebanonTaiwan

Topics: Financial Dollar Tuesday Street Cent Futures People Wednesday Index Crude Gains

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 10:19:38 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22572947

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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