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Small step for stocks, giant leap for yuan kind

From reuters.com

Soothing sounds from the world’s top central banks helped stocks maintain their strong start to the year on Friday, while another leap from China’s yuan capped its best week since being cut loose from the dollar in 2005. With more promises of patience from Federal Reserve, the ECB mulling another dump of cheap money and news that trade talks between Washington and Beijing are moving to higher levels, the Friday feeling was in full effect. Asia had crawled to a 5-week high overnight thanks to China and Japan, and European stocks were up for what could be the fourth straight day of gains and longest winning streak ... (full story)

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  • Category: Fundamental Analysis