The euro dived to a 12-year low against the dollar on Wednesday, driving European stocks higher as shares of the region's big exporters gained, while U.S

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The euro dived to a 12-year low against the dollar on Wednesday, driving European stocks higher as shares of the region's big exporters gained, while U.S. equity markets traded mostly flat on concerns about when the Federal Reserve would begin to raise interest rates. Divergent central bank policies, with the European Central Bank becoming more accommodative with its bond-buying program beginning on Monday and the Fed poised to raise rates possibly as early as June, pushed yields on euro zone bonds lower and those on U.S. government debt initially higher. Expectations that the Fed will end its near-zero rate policy amid a tightening labor market propelled the dollar index .DXY, which measures the greenback against six major currencies, to almost a 12-year high. Stocks on Wall Street tried to recovered a day after the S&P 500 fell in its biggest one-day drop in two months, after a decline of similar proportions last Friday. The Dow Jones industrial average rose 0.12 percent. The S&P 500 0.09 percent and the Nasdaq gained 2.21 points, or 0.05 percent. Full article: (VIEW LINK)


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