Aussie dollar falls as U.S., China delay trade meeting; sterling falls

Tech stocks lead rebound as Boeing tumbles anew

Asia stocks to rise as US gains

U.S. producer prices barely rose in February, the U.S. Labor Department reported on Wednesday, resulting in the smallest annual increase in more than 1-1/2 years.

Despite China's slowing growth, Asian markets have had an impressive rally this year, with the MSCI index climbing about 10 percent largely after the U.S. Federal Reserve all but abandoned its rate hike plans.

The Bloomberg Dollar Spot Index advanced 0.3 percent, the first advance in a week.The euro declined 0.2 percent to $1.1309, the first retreat in a week.The British pound decreased 0.8 percent to $1.3226, the biggest dip in nearly eight weeks.The Japanese yen sank 0.4 percent to 111.64 per dollar, the weakest in more than a week on the largest decrease in nearly two weeks.The MSCI Emerging Markets Currency Index dipped 0.1 percent. The price of oil, one of Canada's major exports, rose as USA crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world's top producer was revised lower.At (2023 GMT), the Canadian dollar was trading 0.5 percent higher at 1.3292 to the greenback.

The S&P 500 was fell 0.1 percent to 2,809 as of 4 p.m.in NY.

Gold hit almost a two-week high as tepid United States economic data reinforced views the Fed would be patient on monetary policy. Tepid inflation and disappointing producer price data this week support the Fed's stance of keeping interest rates on hold, denting the dollar. The U.S. dollar index, which measures the greenback against a basket of six rival currencies, was 0.43 percent lower at 96.515.

The British Pound remains the big story in the market today, with the British Parliament voting for a second time to reject the European Union's proffered divorce deal on Tuesday only 15 days ahead of its scheduled departure.

The MSCI Asia Pacific Index fell 0.3 percent.

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Japan's Nikkei rose 0.5 percent while Australian and New Zealand shares each added 0.2 percent.

Dow Jones closed up by 0.58 percent, S&P 500 ended up 0.69 percent, Nasdaq finished the day up by 0.69 percent.

In late NY trading, the euro was up to 1.1329 USA dollars from 1.1296 dollars in the previous session, and the British pound rose to 1.3217 dollars from 1.3084 dollars in the previous session.

"If they manage to achieve cross-party support for a deal, likely a "softer Brexit" sort of a deal - this could potentially be very good news for United Kingdom assets", said Russel Silberston, Co-Head of Multi Asset at Investec Asset Management.

While sterling has recently rallied as investors latched on to the hope of a Brexit deadline extension, that euphoria may be short-lived, said Marcus Wong, strategist at CIMB Bank Bhd. It jumped 2.1 percent for its best one-day percentage gain since April 2017 and was last at $1.3315.

Benchmark 10-year U.S. Treasury notes fell 2/32 in price to push yields up to 2.6141 percent.

U.S. crude rose $1.39 to settle at $58.26 per barrel and Brent settled up 88 cents at $67.55. US gold futures settled 0.9 percent higher at $1,309.3 per ounce.

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