This translation has been automatically generated and has not been verified for accuracy.World stock markets hovered below three-month highs on Wednesday, while the U.S. dollar stumbled ahead of a meeting of the U.S. Federal Reserve.
No action is expected from the Fed, but any hint of taking the foot off the pedal could hurt risk sentiment and lift the dollar. More dovishness could have the opposite effect. The MSCI world stock index, up nearly 45% from 4-year lows struck in mid-March, also held just below recent three-month highs.
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