Wednesday Outlook: Asian shares rise; dollar rally runs out of steam

SourceZawya
SectorFinancial Markets
CountryMiddle east

Wednesday Outlook: Asian shares rise; dollar rally runs out of steam Oil churns higher; gold rises    An employee of a foreign exchange trading company uses a smartphone in front of a monitor showing the Japanese yen's exchange rate against the U.S. dollar, in Tokyo December 3, 2013. Asian shares eased and the dollar firmed on Tuesday as unexpectedly strong U.S. factory activity bolstered expectations the Federal Reserve will soon trim its stimulus, while the yen tumbled on speculation of further central bank easing.

The dollar hit a six-month high of 103.175 yen, extending a 0.5 percent gain overnight and less than 1 yen away from a 4-1/2 year high reached in May. Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.Asian stocks rise, oil churns higher on recovery betsEquities and commodities supported by recovery hopesDollar rally runs out of puff as yields easeSterling hits one-week high after BoE talks down negative ratesGold rises as rally in U.S. dollar, Treasury yields hits brakesGold's big picture still very constructive - analystOil prices extend gains after U.S. inventory dropPrices are shrugging off the latest developments in Europe and the United ...read more...