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Recovery in oil, equities fuels US$ rise

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Published Sun, Jan 24, 2016 · 09:50 PM

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New York

THE US dollar rose on Friday, boosted by increased expectations of monetary easing by central banks in Europe and Japan, and by a bump in global equities and oil prices that renewed market risk appetite.

The US dollar rose to a two-week high against the yen, which has had its year-to-date gains versus the greenback cut nearly in half over the past two days.

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