Xing expects that the annual central economic working conference, which may start in mid-December, could strike a "more dovish" stance in terms of more proactive fiscal easing, including corporate tax cuts, pro-consumption measures such as subsidies and an expansion of green infrastructure investment, as well as more local government special bond issuances.

Beijing is expected to hold the annual central economic working conference in mid-December, which could strike a "more dovish" stance in terms of more proactive fiscal easing, including corporate tax cuts, pro-consumption measures such as subsidies and an expansion of green infrastructure investment, as well as more local government special bond issuances, said Robin Xing, Morgan Stanley's chief China economist.

"Asian markets may inch higher as investors take comfort in the latest round of dovish comments from Fed speakers overnight," said Prakash Sakpal, a senior economist with ING Bank, a Dutch multinational financial services company headquartered in Amsterdam.

Though the Fed has reaffirmed its dovish stance amid soaring inflation expectations, there are still concerns about a possible monetary policy tightening, despite assurances by the Fed chair to the contrary, said Chao.

Powell's speech on Wednesday was mainly neutral, showing some dovish signs, Cui said.

The recently announced Fed November minutes released "dovish" signs, showing that most participants believe that it may be an appropriate time to slow down the pace of interest rate hikes.

Most analysts that China Daily interviewed said they see Federal Reserve Chair Jerome Powell's latest speech as a "dovish" signal, as he did not provide details on pulling back on the Fed's massive asset purchase plan, or the "tapering" process.

After his speech, analysts said the Fed is likely to maintain a relatively dovish tone in the second half of this year, and it is perhaps almost impossible that the Fed will change its monetary policy in a hurry.

A "dovish taper" could weaken the dollar, said Stephen Chiu, Asia FX and rates strategist of Bloomberg Intelligence, while China's large basic-balance surplus and suppressed overseas tourism could otherwise support strength in the yuan's exchange rate.

Newly released US data for employment in May may not change the US Federal Reserve's dovish monetary policy stance, while the pickup in consumer inflation may push the US central bankers to start talks on the idea of tapering its massive bond-buying program, said experts.

Inflation concerns will not have a major bearing on policies, say expertsPolicymakers are unlikely to tighten monetary policies in China despite rising inflation concerns due to the US central bank's dovish attitude toward its ultraloose monetary policy, experts said on Monday.

Dovish signals emanate as US Fed decides to continue asset purchasesThe Chinese yuan is expected to gain further strength as a weakening US dollar will increase the appreciation pressure on other currencies and financial assets, experts said on Thursday.

Indications that the US Fed is on a dovish path came after it said it will "continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion every month until substantial further progress has been made toward the committee's maximum employment and price stability goals".

"The overall tone of the statement was less dovish than the previous meetings, though not as neutral as we expected," said Song Yu, an economist with Beijing Gao Hua Securities Co Ltd. "However, we do not expect the policy stance to become less supportive than it has been since late May.

"The dovish policy stance of the Fed will also help to increase the flexibility of China's monetary policy, reducing constraints on cutting the benchmark interest rates, including the deposit rates," said Lou from Postal Savings Bank of China.

"Policies have been broadly supportive, despite the slightly less dovish comments from senior officials during the annual session of the National People's Congress, the nation's top legislature," said a research note from Goldman Sachs on Thursday, which estimated a steady increase in overall total social financing.

The financial data and the PBOC's dovish monetary policy stance may lead to further monetary actions in the coming weeks, especially during the annual meeting of the National People's Congress, China's top legislature, which will start on May 22, said Li Chao, chief economist with Zheshang Securities.

We believe the market had overreacted in forming its expectation of rate cuts after the Fed swiftly adopted a dovish tone from the end of last year.

Chinese stocks rallied on Thursday after the US Federal Reserve's dovish signal raised investors' expectation of more ample global liquidity.

Monetary authorities from both developed and developing economies have become more dovish this year, some of which－such as in India, New Zealand, Australia and Russia－have cut their interest rates.

As for China, the wider policy room provided by the Fed's dovish tone－as well as this year's controllable inflationary pressure－is expected to trigger monetary easing measures in the second half of the year, said Zhang Yu, chief macroeconomic analyst with Hua Chuang Securities, based in Guiyang, Guizhou province.

Measures may be taken in coming weeks to counter downside risksModerate inflation and the global dovish monetary environment may provide more room for the Chinese authorities to adjust money and credit supplies as a tool to counter downside risks if trade tension escalates, said economists.

Recent statements by the US central bank have shown dovish signals, hinting at a possible policy rate cut given the priority to support economic expansion.

Economists also forecast that the European Central Bank is likely to deliver stronger dovish policy signals, if the eurozone shows more signs of weakness.

Besides the index inclusion, the probable decline in interest rates in overseas markets amid dovish changes by major central banks, may also accelerate foreign capital inflows into the Chinese market, analysts from Nanjing, Jiangsu province-based Huatai Securities wrote in a note.

Given the gloomy outlook of the global economy, the world's leading central banks have sent out dovish messages and stopped monetary tightening, and some analysts predicted that the US dollar may see lower appreciation.

The world's leading central banks reversed their monetary policies to a more dovish stance recently in response to a less cheerful global economic outlook.

"Dovish Fed pressuring greenbackTrade optimism has not been the only relevant factors behind year-to-date FX moves.

The overall dovish tone by the US Federal Reserve has recently added pressure on the dollar, causing the yuan to strengthen, as the market has already factored in the slowdown in future rate paths, experts said.

"The dollar index has turned lower since the start of the week due to one major reason, the Fed has continued to become more dovish with respect to interest rates in the United States and the pace going forward," Minardo told Xinhua.

These details are dovish in nature and point to the greenback experiencing a gradual depreciation in the coming months, on the back of "signs of slower economic activity," according to Czerwonko, the UBS strategist.

"Although the dollar continues to benefit from safe-haven flows, buying sentiment is seen to be taking a hit if the Fed sounds more dovish than expected.