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Friday, November 18, 2016

Dollar soars on US yield gains, Asian shares wobbly




MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent in early trade to hover just above its four-month low touched earlier in the week. It looks set to log its fourth straight week of losses.


The dollar vaulted to 13 1/2-year highs against a basket of major currencies as US bond yields rose, leaving Asian stocks vulnerable to potential rotation out of emerging markets to the United States.






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