Asia stocks slip as US CPI fails to enthuse; dollar up


Source: reuters.com reuters.com

Key Topics in this News Article:

News Snapshot:

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/file photo SYDNEY, Aug 11 (Reuters) - Asian stocks edged towards a weekly loss on Friday and the U.S. dollar was headed for a month of gains after U.S. inflation came in steady, without the hoped-for surprise on the downside. Soft demand at a 30-year Treasury auction and a blowout in the U.S. budget deficit last month also weighed on bonds, and their higher yields in turn pushed the dollar up - particularly against a yen pinned by yield control in...