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Dollar-buying momentum trumps weak US data
Published Sun, Mar 15, 2015 · 09:50 PM
New York
DOLLAR-buying momentum lifted the greenback to a fresh 12-year high against the euro on Friday, overcoming disappointing US inflation and consumer sentiment data that would normally weaken it.
Positioning ahead of the Federal Reserve's monetary policy meeting this week was also seen as a potential reason for the seemingly incongruous move up by the dollar, analysts said.
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