Motilal Oswal
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Motilal Oswal
Currency

Asia shares subdued, dollar pins hopes on US GDP

Updated : April 26, 2019 08:26 AM IST

Against a basket of currencies, the dollar was 0.8 percent firmer for the week so far at 98.128 having touched its highest since May 2017.
The closely-watched estimate of GDP from the Atlanta Federal Reserve is projecting an outcome of 2.7 percent, a huge turnaround from a few weeks ago when it was down at 0.5 percent.
The Federal Reserve holds a policy meeting next week and is expected to reaffirm its patient stance. A Reuters poll of analysts out Thursday found most believed the Fed was done with tightening altogether.
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