Producers of metals and other raw materials rallied as the dollar plunged, after weak jobs data spurred anticipation of a moderation in Federal Reserve policy. The dollar plunged about 1% against an index of rivals, one of the largest moves in recent weeks, and is now down about 5% from its 52-week high.
In a good sign for activity in the world's largest market for industrial metals, a private gauge of China's services activities edged up in October, reflecting Beijing's efforts to shore up economic growth.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-03-23 1736ET
