Dollar pushed to its biggest two-day drop in 13 years
Global stocks rallied yesterday for a second day in hopes that U.S. inflation would lead to less aggressive interest rate hikes by the Federal Reserve. As a consequence, the dollar was pushed to its biggest two-day drop in 13 years. The Dow Jones Industrial Average and the S&P 500 gained 0.1 per cent and the Nasdaq Composite advanced 1.9 per cent.
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By News On Air