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USD Slides as Global Equities Rally

The U.S. dollar is weaker on Thursday in the aftermath of a global equity rally sparked by better-than-expected auto sales in the United States on Thursday.Global equities are higher after U.S. automakers reported upbeat production data on Wednesday, with March total vehicle sales up to an annualized 9.9 million compared to February's 9.1 million and an expected 9.2 million level. Automakers also said the bottom for the industry has been reached.The Japanese Nikkei closed 4.4% higher while

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Yen Slides After U.S. Auto Data Sparks Equity Rally

The Japanese yen is lower in the aftermath of a strong equity rally in the Asia-Pacific session and following better-than-expected results from the U.S. auto sector on Wednesday.Global equities are higher on Thursday after U.S. automakers reported upbeat production data on Wednesday with March total vehicle sales up to an annualized 9.9 million compared to February's 9.1 million and an expected 9.2 million level. Automakers also said that the bottom for the industry has been reached.The Japanese

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