Stocks in Asia make broad brush gains despite U.S. dollar reigniting
SYDNEY, NSW, Australia - Stocks in Asia made broad brush gains on Thursday despite a sudden upturn in the U.S. dollar, which put pressure on the British pound, interrupting its recovery rally.
Overnight the Bank of England began a bond-buying program to underpin Gilts and the UK currency. The value of the Gilts rose sharply, pushing yields lower, however the currency again came under pressure.
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