Asian stocks on edge as HK seethes, U.S. dollar shines | Reuters

The dollar index rose as high as 85.737, its highest since July 2010, in early trade after having posted an 11th straight week of gains last week, extending the longest winning streak since its 1971 uncoupling from gold.

The U.S. Commerce Department on Friday raised its estimate of gross domestic product growth to an annualised 4.6 percent, the fastest pace in 2-1/2 years, and accelerating from the 4.2 percent reported last month.

The data reinforced the perception that the United States is the brightest spot in the global economy, with the Federal Reserve on course to raise interest rates while other major central banks need to enact more stimulus to support growth.

Read more at Asian stocks on edge as HK seethes, U.S. dollar shines | Reuters.

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