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Published: Friday 18 October, 2013

cheap clothes cheap clothes ?Asian shares recover on record Dow close

data overnight suggesting a steady recovery in the worlds largest economy. jobless claims, and a lack of price pressure. Federal Reserve to keep in place the very accommodative monetary policy that has helped support asset pric cheap clothes es around the world. stocks boosted financial stocks. The Australian dollar, often used as a gauge for investor risk appetite, was at $1.0380, not far from Thursdays fiveweek hi cheap clothes gh touched after a strong local employment data reduced the chances for a rate cut by the Reserve Bank of Australia. dollar converting from a funding towards an asset currency, we would expect bullish emerging markets trades to be funded in lowcost, fundamentally weak G10 currencies such as the yen, the euro and sterling, Morgan Stanley said in a research note.

The global economy has remained on a strong reflation course. Countries that are seeing their economies do better are allowing their currencies to appreciate, and their strengthening demand conditions should benefit other economies, which is riskpositive, Morgan Stanley said. All three were approved by the lower house on Thursday and are likely to be passed by the upper house as well.

Expectations that the new BOJ leadership will take more aggressive monetary eas cheap clothes ing policies have driven yen selling and share buying for the past four months.

The dollar was trading at 96 yen, below Tuesdays high of 96.71 yen, its peak since August 2009.

The euro was at 124.92 yen, also off a onemonth high of 126.03 reached on Tuesday. The euro was partly underpinned on Thursday by solid demand for Spanish longterm debt auction. Reuters cheap clothes