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US dollar up on Fed officials' rate comments

Published Wed, Mar 23, 2016 · 09:50 PM
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London

THE US dollar rose to a one-week high against a basket of major currencies on Wednesday, boosted by hawkish comments by US Federal Reserve officials and safe-haven demand following Tuesday's attacks in Brussels.

Three-month sterling implied volatility soared as investors prepared for turbulence exactly three months before a referendum on Britain's EU membership. The currency had been the biggest loser among major curr…

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