The slide in the greenback continued after a weekend meeting of the Group of 20 stopped short of setting targets to reduce trade imbalances. Bets the Fed will stimulate growth by effectively printing money to buy assets has weakened the dollar, which in turn has lifted commodity prices.
The Dow Jones industrial average <.DJI> gained 31.49 points, or 0.28 percent, to 11,164.05. The Standard & Poor's 500 Index <.SPX> added 2.54 points, or 0.21 percent, to 1,185.62. The Nasdaq Composite Index <.IXIC> advanced 11.46 points, or 0.46 percent, to 2,490.85.
MYMEX-NEW YORK, Oct 25 (Reuters) - U.S. crude oil futures ended 1 percent higher, rising for a second straight session, as the dollar weakened and equities rose, and on comments from Greece's central bank that the worst was over for Greek banks.
Crude futures seesawed all day, retreating from the day's high when the dollar pared losses after falling when the Group of 20 meeting over the weekend disappointed investors.
On the New York Mercantile Exchange, December crude
CBOT-CHICAGO, Oct 25 (Reuters) - Chicago Board of Trade grain and soy complex close on Monday.
CBOT-SOYBEANS - November
bushel; January
CBOT-SOYOIL - December
FCPO-KUALA LUMPUR, Oct 25 (Reuters) - Vegetable oil markets jumped to two-year highs on Monday as the dollar fell broadly after a Group of 20 meeting and on concerns over delayed output in main soy producing areas.
The dollar slid against Asian currencies on Monday after the gathering produced enough agreement to keep in place a status quo trade of selling the U.S. currency and buying equities and commodities. [MKTS/GLOB]
Malaysian benchmark January palm oil
REGIONAL EQUITIES-HONG KONG, Oct 25 (Reuters) - Most Southeast Asian stock markets rose on Monday, with Jakarta hovering near an all-time
high on optimism that Indonesian companies will report upbeat earnings this week, underpinned by the country's solid growth.
Shares in Singapore were trading close to a 29-month high posted in middle of this month, with the market focusing on a $8.3 billion takeover bid by local bourse operator Singapore Exchange
In Singapore, the market was riveted by news that SGX had agreed to take over Australia's bourse operator to create Asia's fourth-largest stock exchange.
But traders said there were concerns SGX was paying too high a price, sending its stock 6 percent lower. Shares in ASX ended up 19.4 percent. Sentiment was also buoyed by gains in the broader Asian market, with the MSCI index of Asia-Pacific stocks outside Japan <.MIAPJ0000PUS> up 1.7 percent as of 0924 GMT. Malaysian shares <.KLSE> were little changed.