Stocks edge up before Fed minutes, dollar off 1-month low

LONDON, May 25 (Reuters) – Stock markets and the dollar moved cautiously higher on Wednesday before the latest Federal Reserve meeting minutes, while New Zealand’s dollar soared as its central bank joined those now aggressively jacking up interest rates.

Nerves about a global recession were jangled on Tuesday by weak U.S. housing market data, but European and Asian trading saw the mood gradually strengthen.

Hints of more stimulus from China and a tick up in German consumer morale read more …

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