The dollar’s slide to a 2010 trade-weighted low helped push global equities to their best levels for two years and gold to a record high, as the prospect of further asset purchases by the Federal Reserve remained the dominant driving force in the markets.
However, Wall Street stocks struggled as financials were hit by concerns about an investigation into home foreclosure procedures.
Some strategists warned that the markets might have become overly optimistic that a second round of quantitative easing in the US would anchor the economy to a sustainable recovery trajectory.
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