Asian stocks rallied on Friday as the Fed's steady monetary policy approach coupled with labor market data released this week and a lower-than-expected supply of longer-dated bonds raised hopes that the U.S. central bank has finished raising rates.
The dollar slipped and the benchmark 10-year U.S. Treasury yield hit a three-week low ahead of the October jobs report due later in the day, which is expected to show a slowdown in hiring.
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