Asian stocks drop, dollar holds rally as US jobs report looms


HONG KONG (AFP): Asian markets fell and the dollar held an advance as the optimism that coursed through trading floors earlier this week gave way to nervousness ahead of a massive US jobs report later Friday (Oct 7) that could determine Federal Reserve rate hike plans.

Soft economic data out of Washington sent equities surging at the start of the week and dragged the greenback on hopes that the readings could allow the US central bank to pivot and slow down its strict monetary tightening programme.

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Asian , equities , Oct 7 , opening

   

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