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By the end of 2017, both escalating stock prices and growth in the digital currency market cap made the headlines. The global economic growth rate indicated a steady rise and the emerging market currencies recorded their highest gains in eight years, on account of a weaker US Dollar. Brexit was on everyone’s minds, as were the elections in countries like the US, Russia, Brazil, and Mexico.
Now, as 2018 draws to a close, it is time once again to look back and see how the global markets fared this year. It was a year full of surprises. Here are five major market movements that had far-reaching repercussions in 2018.
1. US Dollar Weakness Led to Robust Growth for Multiple Sectors
Although the US economic momentum remained strong, a tighter economic policy by the Fed led to a weaker US Dollar, which benefitted many industries. The FTSE All-Share index fell 1.9% in January 2018, on account of the rising Pound Sterling against the Dollar. The Japanese yen strengthened against the USD too. O...
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