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US$ hovers near 11-day high on tax reform hopes

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Published Sun, Feb 12, 2017 · 09:50 PM

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New York

THE US dollar hovered near its highest level against a basket of major rivals in 11 days on Friday after comments from US President Donald Trump did little to shake optimism that his administration would reform tax policy soon.

At a joint news conference with Japanese Prime Minister Shinzo Abe, Mr Trump avoided repeating harsh campaign rhetoric that accused Japan of taking advantage of US security aid and stealing American jobs.

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