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Asian shares near two-week highs, dollar firm ahead of U.S. data

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By Swati Pandey SYDNEY (Reuters) – Asian shares reversed early losses on Thursday and hovered near two-week highs while the dollar held at a one-week top as investors awaited key U.S. data to gauge whether inflationary pressures were transient or signalled a more durable turn. The monthly U.S. personal consumption report is due out on Friday while U.S. gross domestic product and jobless claims numbers are expected later in the day. In a sign of a tentative start for overseas markets, Eurostoxx 50 futures, futures for Germany’s DAX and those for London’s FTSE were all flat in late Asian trading…

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