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Dollar steadies, shares firm as fresh gains eyed

April 11, 2013 8:03 AM
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Dollar steadies, shares firm as fresh gains eyed

LONDON (Reuters) - The dollar hovered near a four-year high against the yen and a rally in world shares slowed on Thursday though markets remain buoyed by Japan's aggressive monetary easing and signs of a recovery in China.

"No doubt the new all-time highs seen in the S&P 500 will attract new retail money into the market. There's nothing like being under-invested and seeing the word ‘new highs' on the front page of each newspaper," IG Chief Market Strategist Chris Weston wrote.

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