-
US dollar weak on expectations of no 2019 Fed hikes; Aussie slips
The dollar weakened versus major peers such as the euro and yen on Thursday due to growing expectations the Federal Reserve will pause its rate tightening cycle this year. Minutes from the Fed’s Dec. 18-19 meeting revealed that several policymakers were in favor of the US central bank keeping rates steady this year. Broader market sentiment turned slightly cautious in Asian trade as markets waited for concrete evidence that progress is being made in U.S.-China trade talks. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was lower by 0.6 percent, while riskier currencies such as the ... (full story)