Wall Street Rally Goes Global as Weak Dollar Lifts All Boats

For investors wondering how markets can keep rallying in the midst of economic disaster, just look to the weakening dollar.

Its descent to a three-month low is adding a pillar of support to the bullish foundations powering risk assets across the globe this week. Emerging markets, commodities and equities have surged as money managers look beyond unemployment headlines, and focus on central bank stimulus and business reopenings.