17 Mar '17, 1am

Asia stocks set to end week higher, dollar slides after Fed - SINGAPORE (Reuters) - Asian stocks crawled higher...

Asia stocks set to end week higher, dollar slides after Fed - SINGAPORE (Reuters) - Asian stocks crawled higher...

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks advanced on Friday, set for their best week since July, while the dollar continued the slide that began after the Federal Reserve indicated it was unlikely to speed up monetary tightening. The dollar index, which tracks the greenback against a basket of six trade-weighted peers, retreated 0.1 percent to 100.26. It hit a five-week low on Thursday, and is down almost 1 percent for the week. The dollar was steady at 113.32 yen but is on track to post a 1.2 percent loss for the week. While the Fed raised interest rates by 25 basis points on Wednesday, it kept to its original forecast of three rate hikes this year, disappointing investors who were expecting a bump up to four. U.S. Treasury yields, which slid after the decision, staged a recovery on Thursday and continued to rise on Friday. The 10-year yield was at 2.5402 ...

Full article: http://www.reuters.com/article/us-global-markets-idUSKBN1...

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