Global markets: stocks gain, dollar sags on dovish-sounding Fed - Dealers Care

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Thursday, 29 November 2018

Global markets: stocks gain, dollar sags on dovish-sounding Fed

By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks rose on Thursday tracking a Wall Street rally as dovish comments from Federal Reserve Chair Jerome Powell boosted investor sentiment towards riskier assets. The dollar sagged against its peers on Powell's comments, which suggested the Fed's interest rate hike cycle may come to an end faster than initially anticipated.

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