Asian markets drop as investors eye US Fed outlook

Hong Kong (AFP) Aug 24, 2022

Asian markets were down on Wednesday after falls in global stocks as the euro plunged against the dollar and traders await news on the next US interest rate hikes. The single currency tumbled to $0.9901 - a new 20-year low - but later clawed back losses as the greenback was hit by poor US economic data. The dollar had strengthened this week ahead of a speech Friday by US Federal Reserv