Asia stocks gain, dollar slips on Fed governor's dovish comments

September 13, 2016 3:15 AM

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Asia stocks gain, dollar slips on Fed governor's dovish comments

TOKYO Asian stocks rose on Tuesday, boosted as Wall Street rallied overnight after Federal Reserve governor Lael Brainard calmed markets with remarks that appeared to reduce the prospects of a near-term interest rate hike.

The dollar, on the other hand, nursed losses against its peers after Brainard reiterated her dovish views.

Also read: Asian Shares Rise, Fueled by Surprise OPEC Deal

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