Forex | Forex | China rebounds and US stocks Soar (31/07/2009 01:24:51)

China rebounds and US stocks Soar

China rebounds and US stocks Soar U.S. Dollar Trading (USD) weakened as US stocks broke to fresh year highs and risk appetite returned, pushing high yielding currencies up. Crude Oil rebounded as much as it fell yesterday up 6% with the China government countered speculation that it would limit credit growth in the 2nd quarter. Weekly Jobless claims jumped to 584k vs. 559k previously. Crude Oil ended up $3.59 to close at $66.94. In US share markets, S&P ended +11 points (1.19%) at 986,


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