04-02-2016 01:25 via rocketnews.com

Asia stocks gain as dollar slide boosts oil

By Wayne ColeSYDNEY (Reuters) – Asian shares rebounded on Thursday as speculation the U.S. Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices. By some measures the U.S. currency suffered its largest one-day percentage drop outside of the crises of 1998 and 2008, symptomatic of just how crowded bullish positions had been. The sudden reversal provided a much-needed boost to beleaguered commodities, sending oil up
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