The euro and yen maintained their gains against the dollar, while most equity markets outside Japan rallied after comments by the US Federal Reserve cooled expectations of an early summer hike.
While the central bank opened the door for a rise from six years of zero percent rates, it lowered its forecasts for economic growth and inflation and stressed it would remain cautious before making any move.
The news sent US stocks surging, providing a strong platform for regional indexes.
Hong Kong climbed 0.62 per cent, Sydney surged 1.64 per cent and Seoul added 0.24 per cent, while Singapore was up 0.35 per cent.
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While the central bank opened the door for a rise from six years of zero percent rates, it lowered its forecasts for economic growth and inflation and stressed it would remain cautious before making any move.
The news sent US stocks surging, providing a strong platform for regional indexes.
Hong Kong climbed 0.62 per cent, Sydney surged 1.64 per cent and Seoul added 0.24 per cent, while Singapore was up 0.35 per cent.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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