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US Debt Deal Optimism Boosts Shares, Dollar

Signs of a deal to avert an economically damaging U.S. debt default boosted world equities and the dollar on Tuesday, though firm short-term interest rates highlighted concerns that the problem may just be postponed. Hopes of a deal rose after U.S. Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of talks on Monday, with Reid saying they had made “tremendous progress.” While markets remain wary over the eventual outcome, the signs ...

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