Asian shares pause after five-day rally, Brexit in focus

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Asian shares pause after five-day rally, Brexit in focus
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Asian stocks barely moved on Thursday as soft U.S. retail sales data raised fear...

In the currency market, soft U.S. retail sales took the shine out of the dollar.Against the yen, it was a flat at 108.73, near a one-month high of $1.1085 hit in U.S. trade on Wednesday., having risen to as high as $1.2877 on Wednesday, its loftiest since mid-May.

Investors have welcomed optimistic comments from key officials in the last few days. British culture minister Nicky Morgan said late on Wednesday there is a good chance of a deal. “Trading the British pound intra-day at the moment is not for the faint-hearted with deep pockets required,” said Jeffrey Halley, senior market analyst at OANDA.

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