"The dollar's biggest problem is it can't expect help from the Fed for a long time," said Alan Ruskin, global head of forex at Deutsche. "In the short-term we are still in a risk-favorable loop, whereby subdued goods and services inflation supports a well behaved bond market and asset inflation. "A Reuters poll showed most primary dealers, the banks authorized to trade directly with the Fed, still see the Fed's next rate rise in December. The Dow ended Wednesday up 0.45 per cent, while the S&P 500 added 0.03 per cent and the Nasdaq 0.16 per cent.Telecoms was the best performer, propelled by a 5.0 per cent gain in AT&T after its results. Boeing soared 9.9 per cent after beating estimates and Amazon's market worth topped $500 billion for the first time.The declining US dollar boosted commodities priced in the currency.

Source: Economic Times July 27, 2017 03:00 UTC