Asia stocks scale new highs, dollar weakens as investors eye Fed cut

Asia stocks climbed on Tuesday while the dollar fell as investors bet the US Federal Reserve would resume its easing cycle this week and potentially leave the door open to further rate cuts. Markets hardly reacted to news that the US Senate narrowly confirmed Stephen Miran to the Fed's Board of Governors while a US appeals court separately declined to allow President Donald Trump to fire Fed Governor Lisa Cook. Both moves were seen as unlikely to shift the needle for the Fed's decision on Wednesday, where a 25-basis-point cut is fully priced in. "There are certainly concerns around the politicisation of the Fed and President Trump's pressure ... to try to sort of, I guess, stack the board," said...