Asian shares rise while dollar falls over fed worries and trade hopes
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币界网报道：Asian shares climbed while the U.S. dollar weakened as investors anticipate potential Federal Reserve rate cuts in 2024, driven by softer U.S. inflation data. Japan's Nikkei rose 1.4%, Australia's ASX 200 gained 0.8%, and Hong Kong's Hang Seng surged 2.4%, with tech stocks leading gains. Bitcoin hovered around $43,000 amid mixed crypto market performance. The dollar index dipped to 102.77, its lowest since August, while Treasury yields fell further. Analysts note markets have fully priced in Fed rate cuts by March 2024, with a 70% chance of easing in May. The rally reflects optimism that cooling inflation may allow central banks to pivot from aggressive tightening policies.
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