Asian stocks, dollar steady as investors focus on Fed policy

Published by
Reuters UK

By Anshuman Daga SINGAPORE (Reuters) – Asian equities and the dollar struggled to find direction on Tuesday, with attention squarely on the timing and pace of U.S. monetary policy normalisation, but investors took some comfort from a late rebound in U.S. stock markets. Federal Reserve Chair Jerome Powell appears before the Senate Banking Committee on Tuesday for consideration to a second four-year term as head of the Fed, followed by a hearing with vice chair nominee Lael Brainard on Thursday. The fast spread of the Omicron variant of the coronavirus is also weighing on markets as U.S. hospita…

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