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Global markets: Dollar rally falters, global stocks rise with taxes in focus

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - The U.S. dollar weakened on Thursday after a recent rally while stocks globally rose modestly as investors digested U.S. economic data and prospects for a U.S. tax reform plan proposed by President Donald Trump.Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favours business and the rich and could add trillions of dollars to the deficit."The market is a little more optimistic that we are going to actually have some kind of tax cuts," said Scott ...

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First Published: Fri, September 29 2017. 02:05 IST
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