Dollar

Asian stocks slide, yen wobbles ahead of BOJ verdict

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the back of the hawkish tone from the Fed this week, while political uncertainty in Europe kept the euro under pressure. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.48% lower. Chines...

May 31, 2024 3:15 PM

Global stocks and dollar idle ahead of Fed’s favourite inflation figure

Global shares were little changed on Friday in subdued trading as investors hunkered down for key U.S inflation figures that will shape the Federal Reserve's thinking on interest rates when it meets mid-June. The dollar was steady against peer currencies ahead of the U.S. inflation data. Oil was slightly weaker after Fed officials said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks. The MSCI All Country Stock index was flat at 780.9 poin...