Pedestrians wearing face masks walk past a quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo, Japan, on March 30. Picture: AFP/KAZUHIRO NOGI
The dollar hit a two-week high against the yen but held steady against most other major currencies. Gold prices erased early gains and edged higher. Powell’s comments were widely expected, but some traders in Asia were disappointed that the Fed did not reveal more details about how the new framework will work or provide any clues to what it will do at its next policy meeting.
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