Dollar, Asia stocks track global losses on US uncertainty

HONG KONG: The dollar came under more pressure Friday and Asian markets saw fresh losses after Treasury Secretary Steven Mnuchin lowered US growth expectations and appeared to temper Donald Trump’s belligerence towards China’s currency policy.

While New York’s blue-chip Dow index hit a record tenth successive all-time high, the Trump-fuelled global rally is showing signs of petering out with analysts suggesting the exuberance about hoped-for spending and tax cuts may have been overdone.