Asian shares, dollar rattled by US election uncertainty

Asian shares stumbled and the US dollar was on the defensive on Wednesday as signs that Republican US presidential candidate Donald Trump could be closing the gap with his Democratic rival Hillary Clinton spooked investors.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent while Japan's Nikkei fell 1.1 percent.

The euro rose to a three-week high of USD 1.1069, up about two percent from its 7-1/2-month low of USD1.0851 hit just over a week ago. Against the yen, the dollar slipped to 104.03 yen from three-month high of 105.54 yen set on Friday.

Oil prices tumbled to one-month lows as a trade group's report of larger-than-expected US crude inventory added to concerns about oversupply from growing doubts over whether oil producing countries can agree on an output cut later this month.

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