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Bernanke drives Asian shares to a near five-week high, dollar steady

Asian stocks rose nearly 5-week high on Thursday after the U.S. Federal Reserve Chairman Ben Bernanke pledged to remain in the foreseeable future monetary policy easier, while holding dollars overnight gains moderate.
Although Bernanke insisted a timetable, he first outlined the Fed's dollar
"There is something for everyone these comments, saying:" In Washington, chief market analyst at Commonwealth Foreign Exchange Omer Esiner's. "Bernanke leave yourself plenty of maneuvering room in terms of policy has done a very good job."
Bernanke's remarks come as the commercial activities of hearsay information, the Fed's Beige Book report shows that in moderate steady pace in June and early July, the U.S. economy continues to grow, but disappointing U.S. housing data.
U.S. dollar against a basket of major currencies, fell 0.1 percent, the dollar index, but it is steadily rising 0.5%, and Japan's currency overnight 99.555 yen.
Euro against the dollar is also stable at $ 1.3117.
Asian shares by Morgan Stanley Capital International Asia Pacific (ex-Japan) Index MIAPJ0000PUS, an increase of 0.2 percent, nearly five weeks intraday high in the previous session, while both Tokyo's Nikkei share N225 and Australia. AXJO rose 0.5%.
Jinshan Jun's Monex Securities in Tokyo, senior market analyst, said he expected the Nikkei Index rose cap by Intel Corporation (INTC.O) outlook weak.
Intel cut its full-year revenue forecast and said reduced capital spending, as it adjusted to a painful PC sales decline and the economic weakness of China, one of its largest markets.
Reuters survey, the emphasis on the Chinese economic slowdown, the Japanese manufacturer's mood is also the first time in eight months, July deteriorate.
In commodity markets, gold fell 1.3 percent on Wednesday after stabilization, while copper rose 0.2%, but still lower than the previous trading day down 1.5% after $ 7,000 tons (1.1023 tons).
Brent crude oil futures prices fell 0.1 percent, up 0.6 percent a barrel Wednesday after the U.S. Energy Information Administration data showed U.S. crude inventories fell to around $ 108.50.
 



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