Wall Street Bounces With Dollar, Earnings
Wall Street rebounded again on Wednesday by strong corporate profits and expectations raised, while the reverse high Tuesday in the dollar, lifting stocks of natural resources.
The dollar and stocks in an inverse relationship in recent times, with the weak dollar strengthens companies associated with resources or with major operations abroad. After the rise in the dollar in China’s surprise interest rate hike on Tuesday, pushed to change the currency of sudden wealth in stocks back.
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