Asian Shares Near 15-Month High, Dollar Soft On Less Hawkish Fed - Dollar Advisory & Financial Services

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Tuesday 21 March 2017

Asian Shares Near 15-Month High, Dollar Soft On Less Hawkish Fed

Asian shares clung to their 15-month highs on Tuesday while the dollar and US bond yields were on the back foot on the prospects of a less-hawkish Federal Reserve policy trajectory.

In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, staying near a 15-month high it touched on Monday, with South Korean shares hitting two-year highs.

Japan's Nikkei dropped 0.8 percent, weighed by financial stocks, which were hurt by lower US yields and exporter stocks, which fell on the yen's gains against the dollar.

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