US$ builds on rally as Fed prepares ground for Dec lift-off
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London
THE dollar hit a three-month high against a basket of major currencies on Thursday, bolstered by comments from influential Federal Reserve officials who kept chances of an interest rate hike in December alive.
US two-year Treasury yields rose to their highest in 41/2 years and spreads over their German counterparts widened to their maximum since late 2006, boosting the allure of the dollar to investors.
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