Global stock markets ended mixed on Wednesday (Feb. 24) with United States (US) stocks rallying. The dollar index bottomed around 90.10 on Wednesday, as dovish-sounding remarks from US Federal Reserve (Fed) Chief Jerome Powell and firming expectations for a massive US fiscal spending spurred appetite for riskier assets. Powell made it clear that the Fed has no intention of changing this policy approach any time soon while it played down the threat of a spike in prices. 

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