Asian shares drop, dollar gains as investors await Fed hike signal

August 22, 2016 6:48 AM

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Asian shares drop, dollar gains as investors await Fed hike signal

TOKYO/SINGAPORE Asian shares slipped on Monday, while the dollar lifted off last week's lows on expectations a signal might emerge from a Federal Reserve gathering this week in Jackson Hole, Wyoming, that the U.S. central bank is gearing up to hike interest rates.

Global central bankers will join the annual mountain retreat that opens on Thursday, with Fed Chair Janet Yellen due to speak on Friday.

Also read: India cenbank says to withdraw temporary cash reserve ratio hike

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