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The hopes were boosted by Wednesday's economic slowdown. That the Fed will continue to reduce its pace in the coming days.

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Dollar selling came after the Bank of Japan kept interest rates extremely low. And the yen initially rose sharply.

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It recovered after the dollar sold off in the coming months on expectations of tighter policy and poor economic data.

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Data in December showed US retail sales fell more than expected. It was pulled down by a decline in the purchase of motor vehicles and a range of other goods.

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They fell 1.1% last month. As previously reported. And the data was revised to show sales of 1.0% instead of 0.6% for November.

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Wall Street's main indexes opened higher on Wednesday after a bigger-than-expected decline in December retail sales.

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And short interest rates were increased by the Federal Reserve. and supported expectations, while gains in Tesla and Microsoft boosted the Nasdaq.

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The Nasdaq Composite rose 75.84 points, or 0.68%, to 11,170.95 at the opening bell.

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Most of December's EU-fixed bpd was 160,000 bpd, sea shipments, 230,000 of which went to Bulgaria.

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