Dollar Nears 3-month Low, Shares Climb After Fed Tests the Brakes

[Epoch-Times-Bot]

Dollar Nears 3-month Low, Shares Climb After Fed Tests the Brakes

LONDON—World shares touched a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve meeting minutes pointed to a slower pace of U.S. interest rate rises from next month.
With Wall Street shut for Thanksgiving, it was up to Europe to continue the rebound in market confidence that has been building for more than a month.
It seemed a bit of a struggle early on as London’s FTSE slipped 0.1 percent, but there were just enough gains in the rest of Europe and in Asia overnight to ensure things kept shuffling forward.
MSCI’s 47-country index of world stocks touched its highest since mid-September, while German and British government bond yields, which drive Europe’s borrowing costs, fell to their lowest since October and September respectively....

Source: Dollar Nears 3-month Low, Shares Climb After Fed Tests the Brakes

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