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Russia Worries, Weak German Data Weigh On Europe - Yahoo News

This talk of tit-for-tat visit sanctions is also adding to the risk-off tone," Jeremy Batstone-Carr, analyst at Charles Stanley, said. Risk aversion and upbeat U.S. economic data, which included a spike in service-sector activity to a nine-year peak and a uptick in factory orders, helped lift the dollar to an 11-month high against a basket of major currencies. The dollar index rose to as high as 81.637, its highest level since last September, before falling back to 81.582. The Chinese yuan hit a 4-1/2-month high on Wednesday, as other emerging Asian currencies slid, indicating that traders may be preparing the ground for robust second half gains. The New Zealand dollar skidded to two-month lows after milk Kim Kardashian quotes prices fell again at an auction held by Fonterra Co-operative Group, the world's biggest dairy exporter. Oil prices remained under pressure as plentiful supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production. Brent crude edged up 15 cents on Wednesday to $104.77, but that followed its weakest close since November 2013. U.S.
Source: http://news.yahoo.com/asia-shares-worn-wall-street-oil-near-nine-031023659--finance.html

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