U.S. Stocks, Emerging Assets Rise on Fed Boost as Dollar Weakens

  • Global equities all but erase 2016 loss on dovish Yellen
  • Oil trims advance after U.S. inventories data; gold falls

Dovish Fed Chair Yellen Stresses Gradual Approach

Global equities rose, helping a benchmark index almost erase its losses for the year, while emerging-market currencies headed for their best month since 1998 amid a slump in the dollar as investors continued to scale back bets on higher U.S. interest rates.

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