Dollar makes gains on upbeat US data
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New York
THE dollar rose broadly on Friday after mostly upbeat US economic data renewed some expectations that the Federal Reserve could raise interest rates again this year.
The dollar index, a measure of the greenback's value against six major currencies, posted its best weekly performance since November. Against the Japanese yen, the dollar rose to a more than one-week high. Friday's data showed that US economic growth slowed in the fourth quarter, but not as sharply as anticipated, while consumer spending rose.
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