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GLOBAL MARKETS-Dollar, U S Treasuries edge higher on strong U S labor report
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Currency rates just became wildly important - Denver Business Journal
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Euro hits 5-month low vs dollar ADP data shows increased hiring for February Graphic: World FX rates tmsnrt.rs/2RBWI5E (Adds new comment, U.S. data, updates prices, changes byline, dateline; previous LONDON)
NEW YORK, March 31 (Reuters) - The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet that fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery.
The dollar index, a gauge of its value against six major currencies, however fell 0.2% to 93.075. But it was on track to post its best quarter since June 2018 with gains of 3.4%.
U S dollar crowns best quarter since June 2018 with one-year high vs yen
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| UPDATED: 08:04, Fri, Mar 12, 2021
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On Wednesday, the pound to euro exchange rate rose for the fifth day in a row. This was due to the success of the UK’s COVID-19 vaccine rollout, which may lead to “a faster economic reopening” of the country, according to experts.