Asian shares rally while US dollar weakens

Asian shares have hit their highest level in more than three years as they tracked a Wall Street rally, though the dollar struggled on concerns about the Federal Reserve’s independence and expectations for early rate cuts. Stock indexes worldwide look set to end the week on a positive note, with worries about tensions in the Middle East and uncertainty over tariffs and trade deals on the backburner for now. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its strongest level since November 2021 early in the session. It last traded 0.2 per cent higher and is set to clock…