Reported 3 months ago
Following indications from Federal Reserve Chair Jerome Powell about potential interest rate cuts as early as September, Asian markets are expected to see a positive trading day. The likelihood of Fed easing has strengthened regional currencies, particularly the yen, which has risen against the dollar after Japan's central bank implemented its own rate hikes. Analysts forecast that this dovish stance from the Fed could boost confidence in Asian stocks, particularly in sectors such as technology, indicating a broader positive outlook for the region.
Source: YAHOO