While you were sleeping: Stocks rise as dollar weakens

Mon, 11 Apr 2016

By Margreet Dietz April 12 (BusinessDesk) - Equities on both sides of the Atlantic advanced as a weakening greenback helped support commodity prices. Shares of Alcoa rose, up 3.7 percent in New York afternoon trading. The company is set to release its latest quarterly results after the market close, marking the unofficial start of a new US earnings season. The US dollar fell, touching the lowest level against the yen in 17 months earlier in the day. Federal Reserve policy makers, notably Chair Janet Yellen, have made it clear that the...

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