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Stocks take U.S. inflation spike in stride and rally; dollar on defensive
February 15, 2018

Asian stocks rally despite U.S. inflation spike, dollar on defensive

TOKYO (Reuters) – Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, a counterintuitive move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of a quicker pace of U.S. interest rate hikes.

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