MSCI’s broadest index of Asia-Pacific shares gained 0.45 percent, rebounding after touching the lowest level since March 22 in the previous session.
A divided House passed a bill to suspend the $31.4 trillion debt ceiling – and avert a catastrophic default – with majority support from both Democrats and Republicans, stoking optimism that it can move through the Senate before the weekend. “”What this does is it turns the attention to the incoming data and the Fed meeting this month,” Attrill added.Money markets currently lay about 38 percent odds for a hike on June 14, swinging back from about 70 percent earlier in the day, after some unexpectedly hot jobs numbers.
The dollar was little changed at 139.435 yen after slipping to the lowest since May 25 at 138.96 earlier in the session.The euro was flat at $1.06905. It sank as low as $1.0635 on Wednesday for the first time since March 20.
Source: News Formal (newsformal.com)
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