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Global Markets: Dollar gains on U.S. tax cut progress; Asian shares listless

Reuters  |  SYDNEY 

By Swati PandeySYDNEY (Reuters) - The U.S. dollar bounced to a two-week top on Monday and S&P futures rallied as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world's largest economy.Asian shares were less euphoric, with MSCI's broadest index of Asia-Pacific shares outside Japan hovering near a one-month trough on fears U.S. policy tightening could suck liquidity from emerging markets and derail global growth.Traders will be focusing their attentions on a meeting scheduled for British Prime Minister Theresa ...

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First Published: Mon, December 04 2017. 08:33 IST