Thursday, 2 February 2017

Asian shares edge up, dollar capped after Fed

Asian shares ticked up while the dollar was capped on Thursday after the US Federal Reserve stuck to its mildly upbeat economic view but gave no hint of any immediate rate hike. While strong economic data from the United States and elsewhere underpinned risk assets, uncertainty and concerns over US President Donald Trump's policies are leaving markets on edge. 

With many of his cabinet members still not approved, including (incoming Treasury Secretary Steven) Mnuchin, Trump's occasional remarks and tweets are the only guidance markets can get from the new US administration at the moment.

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