World Update: Dollar, stocks drop in Asia as Fed fails to inspire

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World Update: Dollar, stocks drop in Asia as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy.

The fall in the greenback was mirrored in a broad sell-off in regional equities as traders ignored another record finish for the Dow on Wall Street.

The dollar was hit by selling after the much-anticipated central bank meeting, which provided little to excite buyers, despite tentative hopes US lawmakers are on course to push through market-friendly tax cuts.

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