Stocks and dollar rise as euro slides to low
Global equities advanced and the dollar strengthened on Monday as investors trimmed expectations for a Federal Reserve rate hike. Meanwhile, the euro sank to a seventeen month low amid mounting fiscal concerns in France.
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Global equities pushed higher on Monday morning while the dollar climbed, as cooling job growth in the United States tempered expectations for an aggressive Federal Reserve interest rate hike. Markets now price in less than a 20% chance of a rate increase this month. This shift follows weaker September employment data that signaled a cooling economy.
