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US$ on upward track, hits 8-year high against yen

Published Tue, May 26, 2015 · 09:50 PM
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THE US dollar rose one per cent against a basket of currencies on Tuesday, extending gains since a rise in US core inflation last Friday and driving the euro briefly below US$1.09 for the first time in a month.

Against the yen, it broke through longer-term resistance to hit an eight-year high of 122.88 yen, and a number of analysts were …

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