Against the yen, the dollar fell to 101.16 yen having fled from 105.33 in just four sessions. However, the weakness in the dollar was still not enough to spare US crude oil from ending the day under $40 a barrel. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.4%, backing away from its recent one-year peak. Worryingly for energy shares, the broad-based decline in the dollar was still not enough to spare US crude oil from its first finish under $40 a barrel since April. Asian shares bowed lower on Wednesday while the yen lorded over a weakened US dollar as talk the Bank of Japan may retreat from its massive bond-buying campaign twigged a shakeout in debt markets globally.

Source: dna August 03, 2016 03:00 UTC