Dollar, European stocks fall with U.S. debt deal Congress vote in focus

By Joice Alves and Scott Murdoch LONDON/SYDNEY (Reuters) – European stocks and the U.S. dollar fell, after climbing to a two-month high, on Tuesday as relief that the U.S. government had averted a possible default gave way to concern that the deal could face a rocky path through Congress. Longer-dated U.S. Treasuries rallied as traders…

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Bank of Israel chief cautions of more interest rate hikes if shekel stays weak

By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -Israel’s monetary policy is currently restrictive and at an appropriate level given moderating inflation, but interest rates could rise further should the shekel’s depreciation continue, Bank of Israel Governor Amir Yaron said on Tuesday. Yaron said since the last interest rate decision on May 22, the shekel,…

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