Asian Markets Started On A Firm Footing And The Dollar Eased On Friday - Dollar Advisory Financial Services

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Friday 11 May 2018

Asian Markets Started On A Firm Footing And The Dollar Eased On Friday

Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast US inflation data tempered expectations for faster Federal Reserve interest rate rises this year.

Investor sentiment also got a small boost after US President Donald Trump said he had high hopes of "doing something very meaningful" to curtail North Korea's nuclear ambitions at a summit in Singapore next month.

Clear signs of thawing relationships in the Korean peninsula and the prospect of still expansionary monetary policies in most of the developed world helped whet risk appetite, although concerns remained around U.S.-China trade skirmishes and rising tensions in the Middle East.

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