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Monday, August 22, 2016

Asian shares slip, dollar stands tall on Fed hike bets

Epic Research Update : Asian Markets

Asian shares slipped on Monday and the dollar pulled away from last week’s lows on expectations that a signal might emerge from a Federal Reserve gathering this week in Jackson Hole, Wyoming that the US central bank is gearing up to hike interest rates.

Japan’s Nikkei rose 0.3 percent in early trade, taking solace from a weaker currency, but then shed the gains. It had skidded 2.2 percent last week, as the dollar dipped below 100 yen.

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