Thursday, 4 February 2016

US dollar falls, US stocks and oil rise

A fall in the US dollar helped US stocks rebound on Wednesday after a global market selloff earlier in the session.

The US dollar fell 1.7 percent against the euro while the S&P 500 rose 0.5 percent.

Earlier, the STOXX Europe 600 had fallen 1.5 percent while the MSCI Asia Pacific Index had fallen 1.6 percent.

Also boosted by the fall in the US dollar was oil. WTI crude jumped 8 percent on Wednesday.

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