International Business: Dollar stands tall after firm US data, Asian stocks wobble – Gulf Digital News
International Business: Dollar stands tall after firm US data, Asian stocks wobble – Gulf Digital News
HONG KONG: The dollar reached a four-and-a-half-year high against the yen on Wednesday after better-than-expected US retail data, which also boosted Wall Street equities, although Asian shares failed to follow suit.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.45% edging off Tuesday's near three-week closing high, with declines in most markets, while Japan's Nikkei lost 0.4%.
The dollar reached a high of 114.97 yen in early Asian hours, its strongest since March 2017, while the euro languished at a 16-month low at $1.1320.
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