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Asia stocks gain, dollar droops as Fed chair sets stage for rate cut

Reuters Thursday, 11 July 2019 ()
Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month.
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News video: What to Listen For When Fed's Powell Testifies

What to Listen For When Fed's Powell Testifies 01:19

The Federal Reserve Chairman Jerome Powell is set to testify in front of the House Financial Services Committee Wednesday, and there are three things in particular investors should look out for. Rate Cut Indications During the hearing, investors should listen closely to any words Powell uses that...

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