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Yen retreats, emerging-market stocks gain on Trump

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Sydney - The yen retreated after the biggest jump since July and emerging-market stocks rose as investors assessed the impact from Donald Trump’s efforts to rework US trade pacts and comments from US Treasury Secretary nominee Steven Mnuchin on the dollar’s strength.

The dollar pared earlier losses sparked by Mnuchin’s comments that a strong US currency could have a negative short-term effect on the economy. Equities in Tokyo fell to the lowest of the year while the MSCI Emerging Markets Index headed toward a three-month high.

Gold retreated after touching the highest since November while oil climbed toward $53 a barrel. The yield on 10-year Australian bonds fell a second day.

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ZAR/USD
15.25
(-0.09)
ZAR/GBP
20.29
(-0.13)
ZAR/EUR
18.23
(-0.10)
ZAR/AUD
11.25
(-0.23)
ZAR/JPY
0.15
(-0.04)
Gold
1787.51
(+0.09)
Silver
22.67
(+0.11)
Platinum
965.22
(+0.30)
Brent Crude
48.27
(+0.96)
Palladium
2413.01
(+0.60)
All Share
57822.50
(-0.17)
Top 40
53021.58
(-0.12)
Financial 15
11577.71
(-0.58)
Industrial 25
79894.95
(-0.12)
Resource 10
52804.55
(+0.03)
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