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Global Stocks Decline On Samsung Woes; Rising Dollar Pressures Oil

Global markets and US equity futures fell on Samsung Galaxy Note 7 contagion concern, while the dollar rose to its strongest level in 11 weeks and U.S. bonds declined as investors boosted wagers that the Federal Reserve will raise interest rates this year. The dollar continued its recent rise against all of its 16 major counterparts after Chicago Fed President Evans said policy “may well be changing soon,” even as he argued for keeping interest rates low until core inflation moves higher.
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