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Asia cheers Sino-US trade truce, oil bounces

Updated : December 03, 2018 08:25 AM IST

Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar slipped against the yuan.
China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching a deal within 90 days.
Oil suffered its weakest month in more than 10 years in November, losing more than 20 percent as global supply outstripped demand.

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