Dollar weakens, world stocks gain before Fed meeting; oil up

September 19, 2016 3:57 PM

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NEW YORK The U.S. dollar weakened and world stock indexes rose on Monday as investors expected the U.S. Federal Reserve to leave interest rates unchanged this week, while oil prices bounced back from multi-week lows.

U.S. Treasuries yields dipped as traders booked profits ahead of this week's Fed policy meeting as well as the Bank of Japan's policy meeting.

Also read: Dow, S&P rise as oil cuts losses on surprise inventories drawdown

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