HONG KONG (AP) - Asian stocks were muted today as the boost faded from the Federal Reserve's announcement last week of new measures to energize the U.S. economy.
Oil rose while the dollar remained near a four-month low versus the euro as investors bet that the Fed's plan to keep interest rates low and spend billions buying securities would result in better returns on commodities.
Benchmark crude oil rose above $99 a barrel. The dollar fell against the euro and the yen.
First Coast News