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Thursday, July 11, 2013

Bernanke sends global markets higher and the dollar scampering.

Global equity and commodities markets have rallied following Ben Bernanke's seemingly dovish comments about the Fed's QE program. However, oil has dropped back after earlier gains. The dollar has fallen against a swathe of currencies, with the dollar index -1.1% at the time of writing. Chinese stocks (FXI) led the charge higher in Asia with a rise of 3.2%, gaining support from speculation about possible government stimulus.

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