Dollar shines, Asia shares slip after Fed signals Dec rate hike

Dollar shines, Asia shares slip after Fed signals Dec rate hikeThe U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year. Japan’s Nikkei <.N225> gained 0.2 percent as a rise in U.S. bond yields lifted financial shares, while the yen’s fall against the dollar after the Fed’s decision helped exporters. The Bank of Japan, as widely expected, left its policy settings unchanged, with markets awaiting a news conference by its governor later in the day.



Yahoo Finance

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