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World shares head for seventh straight month of gains while dollar nears three-month high
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Equities rally for a seventh month even as the dollar strengthens, highlighting diverging risk and safe-asset flows.
Global equities are on track for their seventh consecutive month of gains as strong momentum in U.S. tech offset growth worries elsewhere. At the same time the U.S. dollar hovered near its highest in three months, supported by the Federal Reserve’s caution on future rate cuts and safe-haven flows. Investors are rotating between risk assets and currencies, while central banks’ mixed signals add to uncertainty around the sustainability of the rally.