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CURRENCIES

US$ strengthens on Fed official's upbeat comments

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The dollar rose on Monday, tracking short-dated US Treasury yields after comments from Federal Reserve vice-chairman Stanley Fischer revived bets on a US interest rate hike by the end of this year.

London

THE dollar rose on Monday, tracking short-dated US Treasury yields after comments from Federal Reserve vice-chairman Stanley Fischer revived bets on a US interest rate hike by the end of this year.

The two-year Treasury yield rose to a post-Brexit high of 0.7830 per cent