SYDNEY : Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell's hawkish guidance on further interest rate increases. In his second day on Capitol Hill, Powell stuck to his me
SYDNEY : Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell's hawkish guidance on further interest rate increases.
Forecasts are centred on a more modest increase of 205,000 after January's 517,000 jump led markets to reprice their monetary tightening expectations. Job openings remain elevated, private payrolls beat consensus estimates and demand for home loans increased despite the ongoing upward trajectory of mortgage rates.
The major U.S. stock indexes oscillated between modest gains and losses throughout the day, with the Nasdaq joining the S&P 500 in positive territory at the closing bell and the Dow posting a modest loss. The greenback was also buoyant against the Canadian currency at $1.3802 Canadian dollars, the highest level in four months, thanks to a dovish Bank of Canada.
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