Stocks drift, dollar steadies as focus shifts to Asian currencies

Quick Summary:

SINGAPORE: Global stocks held tight ranges on Tuesday and the dollar clawed back some of its recent losses against Asian counterparts as investors revived concerns about U.S.tariffs and their impact on economic growth.

"The markets want confirmation that the Fed intends to cut rates through any price shock that tariffs cause, just as is currently priced-in," said Kyle Rodda, senior financial markets analyst at Capital.com.

The Taiwan dollar was last at 30 per U.S.dollar in early trading on Tuesday, not far from the near three-year high of 29.59 it touched on Monday as it jumped 8% over two days.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanOmanSingaporeTaiwanUnited States

Topics: Markets Securities Trading Stock Asia Equities /Business/Business News

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Article Type: News Report

Published On: 2025-05-06 @ 10:57:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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