Thursday, May 17, 2012
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FOREX-Dollar index hits 5-week high, euro falls

The dollar hit a five-week high against a currency basket on Monday, extending its rally from Friday when strong U.S. jobs data fuelled speculation the Federal Reserve may consider winding down its stimulus measures.

Against the euro, the dollar rallied to its highest in more than a month after the data showing a much smaller-than-expected loss of U.S. jobs sparked anticipation the world's biggest economy was recovering from recession >>

 

 

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