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POPULAR NEWS
Wall Street Ends Sharply Higher On German Stimulus Optimism

U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.-China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending...

Euro gains, dollar drops, as risk appetite revives
Monday, 12 March 2018 16:31 WIB | CURRENCIES |DOLLAR Yen EuroDolar ASAussiePoundsterling

The euro gained on Monday and the dollar dropped as last week™s strong U.S. jobs numbers and receding fears over a trade war helped a rebound in risk appetite, with higher yielding currencies also performing well.

With little crucial economic data due in Europe, traders will focus on a meeting of the euro zone finance ministers on Monday for any comments on trade protectionism after President Donald Trump™s decision to impose some tariffs.

The euro rose to $1.2328, up 0.2 percent. The single currency, after a strong start to 2018, remains below the three-year peak hit in February of $1.2556.

The dollar, which has tended to fall when risk appetite is rising, meanwhile fell. The greenback against a basket of currencies dropped 0.1 percent.

Higher-yielding currencies like the Australian and New Zealand dollars also rose, while sterling gained 0.2 percent to trade at $1.3871.

The yen, which tends to perform well when markets are anxious, gained as traders eyed a suspected Japan cronyism scandal involving the sale of state-owned land for its impact.

The dollar eased 0.3 percent to 106.51 yen, edging away from a one-week high of 107.05 yen set on Friday.

Source: Reuters

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POPULAR NEWS
Wall Street Ends Sharply Higher On German Stimulus Optimism

U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.-China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending...

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