European stocks firm, dollar rises as Fed revives Dec hike talk

October 29, 2015 9:23 AM

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European stocks firm, dollar rises as Fed revives Dec hike talk

LONDON European shares rose, while the U.S. dollar stood near 2 1/2 month highs against the euro on Thursday, after the Federal Reserve gave a vote of confidence to the U.S. economy and revived expectations it may raise interest rates by year-end.

The Fed, which kept its rates on hold as expected, took the unusual step of strengthening its language about timing in its statement, bringing a December rate hike back on the table.

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