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The euro EUR= advanced more than 1 percent against the dollar as strong demand in a Spanish bond auction eased concerns about how the country will fund its large debt and in response to the Chinese data. [ID:nN10216302]
U.S. stocks have been closely tied to the euro's movement as investors use the currency as a barometer for confidence in the euro-zone economy.
NEW YORK — Stocks surged Thursday after reports on the U.S. job market and Chinese exports lifted anxiety about the global economic recovery.
U.S. stocks raced higher Thursday as Europe's common currency gained ground and after China reported its exports jumped much more than anticipated in May, offsetting some of the global concerns plaguing Wall Street.