Asian Shares Edge Down, Dollar Skids On Circumspect Fed - Dollar Advisory & Financial Services

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Tuesday 18 July 2017

Asian Shares Edge Down, Dollar Skids On Circumspect Fed

Asian shares shrug off Trump controversy, look to Yellen

Asian shares stepped back from more than two-year highs on Tuesday while the dollar sagged on growing expectations that the Federal Reserve will take a more cautious approach to raising interest rates.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, a day after scaling its loftiest levels since April 2015.

Wall Street ended little changed on Monday in low-volume trading, as investors braced for a flood of second-quarter earnings reports later this week.

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