Asian shares, dollar ride higher on Ukraine relief Asian - TopicsExpress



          

Asian shares, dollar ride higher on Ukraine relief Asian stocks rose and the dollar held firm in early trade on Wednesday, after remarks from Russian President Vladimir Putin allayed fears of an imminent military conflict in Ukraine. Putin said Russia reserved the right to use all options to protect compatriots who were living in “terror” in Ukraine, but that force was not needed for now. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%. Australian shares added 0.9%. Economists polled by Reuters expect Friday’s US nonfarm payrolls report for February could show a more solid increase of 150,000 jobs last month. On Wall Street on Tuesday, Putin’s remarks helped the S&P 500 attain another record closing high. The yield on benchmark US Treasuries pulled back from one-month lows to trade at 2.7% in Asia, up from its US close of 2.6%. The dollar index edged up to 80.150, moving away from Friday’s two-month low of 79.688. The dollar was buying ¥102.23, inching away from a one-month low of 101.20 hit on Monday, while the euro bought ¥140.41, moving away from a two-week low of ¥138.75 hit on Thursday. The euro was nearly flat on the day against the greenback at $1.3740, below Friday’s high of $1.3825. The single currency was likely to tread water ahead of Thursday’s European Central Bank monetary policy meeting. The ECB could take steps to bolster the region’s recovery, as euro zone inflation has been running well below the ECB’s target of just under 2%.
Posted on: Wed, 05 Mar 2014 04:13:15 +0000

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