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Dovish ECB weighs on euro, Asian shares await US jobs report

Investors sold the common currency after the ECB said it stood ready to act if needed to bring money market rates down

Reuters  |  Tokyo/Sydney 

  The euro held near a seven-week low on Friday on the back of dovish comments from the European Central Bank, while a jump in US bond yields underpinned the dollar and kept Asian stocks in check.   Many investors hugged the sidelines, however, ahead of US jobs data that should cement the case for the Federal Reserve to begin scaling back its stimulus later this month.   MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1% after six days of gains - its longest winning streak since December. It was on track to end the week up more ...

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First Published: Fri, September 06 2013. 08:30 IST