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Stocks rally on China-U.S. trade war truce, dollar down, yuan up

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - A truce in the U.S.-China trade war boosted global stocks to their highest in roughly three weeks on Monday, while triggering a dollar sell-off and pushing the Chinese yuan and several trade-dependent currencies higher. The equities rally followed an agreement on Saturday between Washington and Beijing at the G20 summit in Argentina calling for a 90-day trade tariff truce. Oil prices jumped nearly 4 percent."Today is mostly about celebrating the fact that the U.S. and China have delayed what could have been the some of the worst-case scenarios regarding ...

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First Published: Tue, December 04 2018. 03:43 IST
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