The Traderszone Network

Published in TZ Latest News 17 June, 2015 by The TZ Newswire Staff

Asia stocks up, dollar sags as Fed tempers expectations for rate rise

An index of Asian shares gained on Thursday while the dollar eased slightly after the Federal Reserve signaled that interest rates would rise more slowly than markets had expected. After a closely-watched two-day meeting, the Fed said the economy was likely strong enough to support an interest rate increase by the end of the year. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed about 0.3 percent, while Japan’s Nikkei (.N225) skidded 0.8 percent to a one-week low as the yen gained against the dollar.