Markets rally after Yellen signaled a slow pace to rate hike

After Janet Yellen signaled an ease by the central bank on tightening monetary policy, the dollar was weakened for a fourth straight day. Asian currencies and stocks advanced after the Fed chair remarks. Australia main index jumped 1 percent, while Nikkei was restrained by a firmer yen to 0.15 percent gain. On Wall Street, the S&P 500 gained 0.74 percent while the Dow rose 0.58 percent and Nasdaq gained 1.10 percent.
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