Asian stocks mixed as weak dollar weighs on US economic data - News Summed Up

Asian stocks mixed as weak dollar weighs on US economic data


SINGAPORE — Asian markets were mixed Thursday as positive sentiment from U.S. economic data and the country's willingness to strike a trade deal with Canada was shaken by a weaker dollar. Stocks have rallied for four days as investors grew more hopeful about trade talks between the U.S., Mexico and Canada. POSSIBLE TRADE DEAL: President Donald Trump has said that efforts to reach a deal with Canada in the new North American Free Trade Agreement were "probably on track". Weakness of the dollar has reversed sentiment in the markets overnight," Michael McCarthy, chief market strategist at CMC Markets in Sydney, said in an interview. CURRENCIES: The dollar eased to 111.63 yen from 111.69 yen.


Source: Philippine Star August 30, 2018 03:45 UTC



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