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Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

Updated : March 20, 2019 06:21 AM IST

Bets that the Federal Reserve will this week reinforce the market view that the US monetary policy tightening cycle is in the rear-view mirror have kept alive the bid on stocks, while the dollar index touched its lowest since March 1.
Investor focus will remain on the Fed on Wednesday, particularly on whether policymakers have sufficiently lowered their interest rate forecasts to align more closely their "dot plot," which shows individual policymakers' rate views for the next three years, with market expectations.
In currency markets, sterling touched $1.3311 after slipping to as low as $1.3241 as traders expected EU officials to give Britain a delay on Brexit negotiations, though the uncertainty kept the market volatile.
Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

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