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Cautious Fed sends stocks to record highs, dollar dips

Reuters  |  LONDON 

By Jemima KellyLONDON (Reuters) - Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite. After a scare at the end of last month, when stock markets skidded on the view that the era of easy money might be coming to an end across the globe, investors have been soothed by a run of more dovish comments from central bankers. Dallas Fed President Robert Kaplan on Thursday advocated a go-slow approach ...

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First Published: Fri, July 14 2017. 15:08 IST