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[$$] US stocks, dollar post biggest weekly moves since late 2018

Peter Wells and Matthew Rocco in New York, Siddarth Shrikanth in Hong Kong and Michael Hunter in London

US stocks cemented their biggest weekly gain in more than three months and Treasuries rallied following a patch of soft economic data, all against a backdrop of hopes of progress in US-China trade negotiations. Wall Street’s S&P 500 resumed its rally, up 0.5 per cent, after a slip on Thursday interrupted a three-day winning streak. The S&P has registered a weekly decline just twice this year, as trade optimism and the Federal Reserve’s pledge to be patient on rate rises have lifted sentiment on Wall Street.