Analysts See Asian Stocks, Currencies Supported by Dovish Powell

Asian equities are set for a strong start and currencies are likely to gain after Federal Reserve Chair Jerome Powell ’s speech at the Jackson Hole symposium the Fed is headed for an interest-rate cut as soon as its next policy meeting in September.

US stocks on Friday, pushing the Dow Jones Industrial Average to its first closing record this year, and emerging-markets currencies broke a six-day losing streak as his remarks sent the dollar slumping.

Here’s what analysts and strategists had to say:

Gerald Gan , deputy chief investment officer at Reed Capital, Singapore:

Hebe Chen , analyst at Vantage Markets:

Jamie Halse , chief executive officer at Senjin Capital:

Anna Wu , cross-asset strategist at VanEck Associates:

Steven Englander , head of global G-10 FX research at Standard Chartered: