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Global stocks gain as political tumult eases; worst week for dollar in year

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The U.S. dollar fell and was poised for its worst week in more than a year while world stock markets edged up on Friday amid some calm following declines earlier in the week spurred by uncertainty relating to Donald Trump's U.S. presidency.On Wall Street, key stock indexes climbed, led by energy shares. The S&P energy index was up 1.1 percent along with a jump in oil prices.The U.S. dollar slipped 0.7 percent on Friday and was down about 2 percent for the week, its worst week since April 2016. Besides worries surrounding Trump, the U.S. currency ...

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First Published: Fri, May 19 2017. 21:37 IST
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