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Stocks, dollar bullish as economic uncertainty loom over president Trump’s economic strategy - Alldamoney

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Stocks, dollar bullish as economic uncertainty loom over president Trump’s economic strategy


After the latest Federal Reserve meeting show U.S. Policymakers are in no hurry to raise interest rates, stocks held near record highs while the dollar took minimal gains on Thursday.


Highlighting the high uncertainty facing President Donald Trump's economic program, jobs and inflation expectations, Fed policymakers show that they may not raise interest rates soon. Instead stating that Markets are trying to gauge Trumps attitude to the dollar along with his policies on taxes, spending and trade.


Before his inauguration, he raised concern over the "strong dollar" policy adopted by past the U.S. Administration saying the dollar's strength against the Chinese yuan was "killing us", signaling he might change the policy.


According to the CME Group's FedWatch tool U.S. and euro zone government bond yields fell or held steady as expectation over a rise in March falls also futures pricing gave just an 18 percent chance of a rise.
On Wednesday MSCI's broadest index of Asia-Pacific shares outside Japan raised 0.1 percent near its highest level since July 2015.
While the Nikkei closed slightly lower, MSCI's world index also pushed higher to within half a point of the record high Wednesday's close.
The dollar held below the highs hit on Wednesday, although it edged up less than 0.1 percent against a basket of major currencies.
Sterling strengthened 0.2 percent to $1.2468. While the yen barely changed at 113.28.
After minutes of the latest U.S. Federal Reserve meeting showed policymakers are in no hurry to raise interest rates, stocks held near record highs and the dollar eked out minimal gains on Thursday.


Highlighting the high uncertainty facing President Donald Trump's economic program, jobs and inflation expectations, the minutes show that Fed policymakers may not raise interest rates soon.
Markets have been trying to gauge Trumps attitude to the dollar along with his policies on taxes, spending and trade.


Before his inauguration, he raised concern over the "strong dollar" policy adopted by past the U.S. administration saying the dollar's strength against the Chinese yuan was "killing us", signaling he might change the policy.


According to the CME Group's FedWatch tool U.S. and euro zone government bond yields fell or held steady as expectation over a rise in March falls also futures pricing gave just an 18 percent chance of a rise.
On Wednesday MSCI's broadest index of Asia-Pacific shares outside Japan raised 0.1 percent near its highest level since July 2015.
While the Nikkei closed slightly lower, MSCI's world index also pushed higher to within half a point of the record high Wednesday's close.
The dollar held below the highs hit on Wednesday, although it edged up less than 0.1 percent against a basket of major currencies.
Sterling strengthened 0.2 percent to $1.2468. While the yen barely changed at 113.28.

The euro was flat at $1.0556 as investors trade it with caution over France's

presidential election, to be held in April and May.

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