Equities edged higher but profit-taking capped gains on Friday after a week of record-setting advances fueled by a series of dovish central bank signals, while the dollar struggled to extend a gain as U.S. yields ticked lower.
Equities edged higher overnight as risk appetite has been boosted by the prospect of lower interest rates and a resilient U.S. economy, or the “goldilocks scenario” after Fed officials maintained their forecasts for three rate cuts this year.
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