The Traderszone Network

Published in TZ Latest News 8 October, 2014 by The TZ Newswire Staff

Asian shares soar on wings of dovish Fed message

Federal Reserve’s latest policy meeting showed concerns about downside risks to the global economy and about the dollar’s strength. MSCI’s broadest index of Asia-Pacific shares outside Japan , which in the previous session, touched its lowest level since March, gained 1.3 percent. “Fed officials have concerns on the impact of a strong dollar, which undermines the scenario held by some that Japanese shares will benefit from further strength in the dollar against the yen,” said Masayuki Doshida, senior market analyst in Tokyo for Rakuten Securities. The minutes of the Fed’s Sept.

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