Wednesday, April 18, 2007

GLOBAL MARKETS-Dlr at multi-decade lows, European stocks hit

(Reuters) - The dollar's broad-based slide -- sparked by expectations of interest rate cuts in the United States in contrast to prospects for more monetary tightening in other countries -- boosted gold prices which tend to move inversely to the greenback.

Expectations for a U.S. rate cut from 5.25 percent in coming months were fuelled on Tuesday by weaker than expected core U.S. inflation figures for March.


Read more at Reuters.com Economic News

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