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Currency

Dollar at one week high after hawkish Fed minutes; Asia stocks capped

Updated : October 18, 2018 07:03 AM IST

The specter of rising US dollar yields, which along with global trade tensions were at the center of last week’s global equities rout, kept riskier appetite in check in Asia.
Japan's Nikkei average was flat, and appeared to struggle for headway. Data out earlier in the day showed exports from the world's third-biggest economy dropped for the first time since late 2016, hit by declines in shipments to the United States and China.
The dollar index, which measures its value against six major peers, last traded at 95.654, little changed on the day, while 10 year Treasury yield last stood at 3.211 percent, 3.2 basis points higher than the US close.
Dollar at one week high after hawkish Fed minutes; Asia stocks capped

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