Dollar drops

AFP, HONG KONG: The dollar dipped yesterday in Asia as investors brushed off another record Wall Street close and upbeat US data while the rally in stock markets stuttered.
Another positive assessment of the US economy and reassurance over tax reform from President Donald Trump was not enough to spur further buying in Asia after the past week's rally.
New York's three main indexes built on their recent surge, racking up a fifth successive day of record closes.

 

Dollar drops

AFP, HONG KONG: The dollar dipped yesterday in Asia as investors brushed off another record Wall Street close and upbeat US data while the rally in stock markets stuttered. Another positive assessment of the US economy and reassurance over tax reform from President Donald Trump was not enough to spur further buying in Asia after the past weeks rally. New Yorks three main indexes built on their recent surge, racking up a fifth successive day of record closes.