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Sify Home >> Finance >> Market >> US dollar at fresh 15-month low

US dollar at fresh 15-month low

US dollar at fresh 15-month low

The dollar hit a fresh 15-month low and world stocks held near a three-week high on Wednesday after remarks from Federal Reserve officials reinforced the view that US interest rates will remain near zero for some time.

Strong Chinese data on factory output and retail sales, along with forecast-beating results from Italy's biggest bank Unicredit following upbeat reports from other banks, encouraged investors to buy risky assets.

Text: Reuters

Image courtesy: Getty




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