Asian stocks slip with Wall St ahead of Powell, yen rises …C0NTINUE READING HERE >>>
Traders are hoping Federal Reserve chief Jerome Powell signals an interest rate cut in his speech at Jackson Hole.
Photo: Andrew Harnik / GETTY IMAGES NORTH AMERICA/Getty Images via AFP
Source: AFP
Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.
There was also a focus on Tokyo, where the head of Japan’s…
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