By Wayne Cole | SYDNEY SYDNEY The U.S. dollar was encamped near 14-year peaks on Wednesday as global yield spreads moved inexorably in its favor, while a falling yen lifted Japanese shares to a one-year top.Japan's Nikkei .N225 added 0.4 percent in early trade, while Australia's main index climbed to its highest in almost 17 months after Wall Street racked up more records.The dollar reveled in its rapidly widening yield premium, with the Federal Reserve set on a tightening course even as its peers in Europe and Japan act to keep their short-term rates deep in negative territory.The dollar index, which measures it against a basket of currencies, stood at 103.260 having touched 103.65 .DXY, its highest since December 2002
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| Reuters appeared first on Firstpost.