Asian stocks set for best week in two months; dollar heavy

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Reuters UK

By Sam Byford TOKYO (Reuters) – Asian stock markets were on course for their best week in months and the dollar held off recent record highs after the European Central Bank (ECB) raised rates for the first time in more than a decade and bets on the size of U.S. rate hikes eased. Japan’s Nikkei rose 0.24% on Friday and was on course to make gains for a seventh successive day. It’s likely to be the index’s best week since March. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.03%, but the index is still set for its best week in about two months. The euro was trading at $1.019 a…

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