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US Dollar Offered Ahead of the Weekend
Equities are finishing the week on a firm tone, while the US dollar remains heavy. In the Asia Pacific, only Australia and India did not end the week on a firm note. The MSCI Asia Pacific completed its fourth consecutive weekly gain, for around a 13% gain. Europe's Dow Jones Stoxx 600 is edging higher today, and it too is completing its fourth weekly advance for a cumulative gain of around 14%. US stocks are trading firmer as well. So far this month, both the S&P 500 and NASDAQ are up about 11%, while the Russell 2000 is up nearly 20%. Bond yields are a little changed, and the US 10-year yield is a couple basis ... (full story)