Global equities edged up to five-month highs on Monday, with investors buoyed by expectations of further easing by central banks amid worries of a currency war heating up.
Trading flows were light with Japan, the US and Canada observing national holidays.
After the weekend meeting of the International Monetary Fund failed to resolve tensions between global exchange rates, there was brief selling of the dollar. Chinese officials rejected calls for a significantly stronger renminbi and criticised western economies for their monetary expansion and zero interest rate policies.
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