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...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
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...Japan’s stock market was the only major Asian bourse to register gains in early trading on Wednesday, with the country’s currency further weakening against the dollar....
...Hong Kong was the only major Asian stock market to rise early in the day, with the Hang Seng index adding 0.5 per cent....
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...Equities in the mainland reacted less negatively to the property data, which showed prices for new and second-hand homes in China’s major cities declined in February....
...“There is still room for the reserve requirement ratio to decline,” said Xuan Changneng, deputy governor of the People’s Bank of China, on Thursday, citing a “shift in monetary policy of major economies”...
...Major Asian currencies strengthened against the dollar, with the yen leading the pack, gaining 0.5 per cent to trade at ¥150.52 a dollar....
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