Asian equity-index futures struggled for direction Thursday after the dollar weakened and US stocks rose in volatile trading after President Donald Trump played down the prospect he may soon fire Jerome Powell.
Trump said he is “not planning on doing anything” to remove Powell, after a White House official said the president was likely to seek the Federal Reserve Chair’s ouster soon. The initial speculation sent the dollar, US stocks and Treasury yields downward before Trump’s clarification soothed market fears.
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