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Dollar holds gains on higher Treasury yields, upbeat U.S. ADP jobs data

March 9, 2017 By Yuzuha Oka TOKYO (Reuters) – The dollar stood tall on higher U.S. Treasury yields on Thursday, after a surge in U.S. private-sector jobs in February cemented expectations the Federal Reserve will raise rates next week. The dollar index, which measures the greenback against six major peers, was last up 0.1 percent at 102.13, not far from a March 2 peak of 102.26, which was a level not seen since Jan. 11. The ADP National Employment Report showed on Wednesday that private payrolls grew by 298,000 jobs…

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Dollar firm in Asia, resource shares on the run

March 9, 2017 By Wayne Cole SYDNEY (Reuters) – The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.S. jobs data made a rate hike a near certainty, while oil nursed bruising losses as U.S. stockpiles swelled past all expectations. With energy stocks on the run, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.6 percent. Australia’s main index eased 0.1 percent, while its resources sector fell more than 2 percent. Japan’s export-heavy Nikkei managed to take heart from a softer yen and added…

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