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World stocks at 14 month high, Dollar 12 month low

October 20, 2009

Reuters reports, “World stocks hit a new 12-month high on Tuesday, powered by strong results from Apple Inc and Texas Instruments and helping to push the dollar to a new 14-month low against a basket of currencies. The strength in global stocks, up 75 percent from crisis-lows in March, boosted optimism on corporate earnings and the global recovery, encouraging traders to sell dollars for higher-yielding currencies.”