Comment on Asian shares mixed as attention turns to Fed meeting

Asian shares mixed as attention turns to Fed meeting

At June's meeting, Fed officials raised the central bank's key interest rate for the third time in six months. A flurry of tweets from U.S. President Donald Trump, complaining that Republicans were failing to fully support him as they struggle to deliver on health care legislation, underscored the disarray in Washington amid investigations into alleged Russian interference in the 2016 election and possible connections to Trump's campaign. THE QUOTE: Investors continued to take into account Trump's political setbacks including expanded investigation into his transactions regarding his Russian connections and limited progress in the health care bill. Resignation of White House Press Secretary Spicer over the weekend might further fuel USD weakness, says Zhu Huani, Singapore Treasury Division of Mizuho Bank, of the U.S.

 

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