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Here's Why Goldcorp (GG) Stock is Surging Today

NEW YORK (TheStreet) -- Goldcorp (GG - Get Report) shares are getting a boost, up 5.33% to $19.95 Friday afternoon from higher gold prices on the back of a weaker dollar.

The greenback headed for its lower level in around 11 months, sending investors to dollar-denominated commodities like gold, MarketWatch reports.

This comes after the Bank of Japan yesterday kept monetary policy on hold, sparking a global sell-off in markets.

"The big strengthening in the yen in the wake of Bank of Japan meeting has hit the dollar, and the dollar has been punished across the...