U.S. Dollar trades near 8-week high

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Source: Reuters
The U.S. currency traded steady earlier on Wednesday trading session and fluctuated near the highest level in eight weeks versus its most-traded peers after it strengthened yesterday on favourbale economic data. The U.S. Dollar index was last seen at 80.340 following an increase to 80.470, the strongest level since April.

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Wed, 28 May 2014 08:46:05 GMT

Euro rebounds after hitting 3-month low

The European currency slightly advanced on Wednesday trading session recovering from the weakest level in three months recorded yesterday after the European Central Bank President Mario Draghi showed discomfort with the weak level of inflation and signaled policy action on the next meeting. The Euro added to $1.3636, up from 3-month low of $1.3612 hit on Tuesday.

Wed, 28 May 2014 08:24:04 GMT

Japan's stocks gain led by Mitsui Fudosan

Japanese equities advanced on Wednesday rising for the fifth successive session as Mitsui Fudosan Co led gains gaining by 4.7% and as U.S. data raised risk appetite of investors. The benchmark stock index Nikkei 225 average added as much as 0.2% to 14,670.95, while the Topix surged 0.3% to 1,198.17 and the JPX-Nikkei Index 400 jumped 0.2% to 10,926.66.

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