Financial Times FT.com

US stocks surge on ‘watershed’ dollar jump

By Peter Garnham in London and John Authers in New York

Published: August 8 2008 19:17 | Last updated: August 8 2008 22:16

The US dollar enjoyed its biggest one-day jump against the euro in eight years, as the long-running tendency of the dollar to weaken while commodity prices strengthened went into a dramatic reverse

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