Epic Asian Markets Update

Asian shares slid on Friday after a Republican proposal to fend off a US fiscal crunch failed to get enough support, deepening uncertainty over prospects for the negotiations to avert automatic spending cuts and tax increases set to start in January.
The dollar was down 0.2 percent to 84.20 yen, easing from around 84.40 earlier, but still near a 20-month high of 84.62 yen hit on Wednesday.
The euro slumped 0.6 percent to 111.11 yen from around 111.78 yen earlier, but also near a 16-month high of 112.59 yen reached on Wednesday.

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