Dollar firms, stocks soar on ECB rate cut expectations
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NEW YORK (Reuters) - The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption.Benchmark U.S. Treasury yields rose from three-year lows but government bond yields in the euro area hovered near record lows on heightened expectations of aggressive ECB easing soon to address growing concerns about recession..