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Dollar rallies in Asia as Trump eases fears of trade war

President's remarks about the greenback and TPP calm rattled investors

The dollar gained in Asia on Friday after U.S. President Donald Trump said he wanted a "strong dollar."

TOKYO -- The dollar rallied in Asia on Friday after U.S. President Donald Trump reaffirmed a strong dollar policy while indicating his willingness to rethink the Trans-Pacific Partnership, easing jittery markets concerned about an impending global trade war.

In early Asian trading, the dollar rebounded against the Japanese yen, hitting above 109.60 yen from a low of 108.50 in New York overnight.

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