Stocks buoyed by Fed's rate move
China Daily | Updated: 2009-11-26 07:59
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Investors latched onto the hope that US borrowing costs will remain low for much of next year. Bloomberg News |
LONDON: World stock markets rose yesterday after the US Federal Reserve indicated that interest rates will remain at super-low levels for a while yet. Meanwhile, the dollar slid to a 10-month low against the yen after the central bank said the currency's decline had been "orderly".
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