April 29, 2016
Underwriters are gearing up for a deluge of U.S. corporate bond sales in May, after a relatively dry April. Money managers have cash to put to work in the U.S., as negative yields in Europe and Japan drive investors overseas in search of higher returns.
The dollar headed for its lowest close in almost a year on speculation the Federal Reserve won't rush to raise interest rates. Stocks fell and commodities extended gains in their best month since 2010.
China's central bank responded to an overnight tumble in the dollar by strengthening its currency fixing the most since a peg was dismantled in July 2005.
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