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Oil prices top $50 on opening, a first since May, but headwinds persist

Asian equities edged up early today after positive data showed a growing global economy with inflation staying well contained. In the currency market, the Australian dollar gained today 0.4 percent. The greenback slipped to its six week low of 110.004 against the yen in the early session and was last hovering around 110.12 down 0.1 percent.
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