SINGAPORE: Asian stocks rose on Thursday and the dollar was soft on growing expectations of an interest rate cut from the Federal Reserve next month, while the yen remained on intervention watch, with traders weighing the prospect of a rate hike before year-end.
A holiday-curtailed week has led to limited moves across markets with stocks keeping a largely upbeat tone and currencies much more sedate as investors shrug off AI bubble worries that had roiled equities earlier in November.
The U.S. markets are closed for the Thanksgiving holiday on Thursday and are due to trade for a short session on Friday.
MSCI's broad
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