World stocks edge away from one-year peak, dollar on defensive

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A man is reflected in a stock quotation board outside a brokerage in TokyoWorld stocks markets edged away from one-year peaks on Tuesday as a stellar rally stalled, while the dollar hit a one-month low against the yen as recent weak U.S. economic data was seen limiting the scope for a near-term rate hike. Asian shares rose to a one-year peak, lifted by a rise in U.S. stocks to record highs a day earlier and expectations that monetary policy around the world will remain lower for longer than anticipated to support growth. Monetary easing by central banks and a rebound in oil prices have bolstered world stocks, with markets in the U.S., Europe and Asia outside Japan up roughly 10 percent since late June.



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