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US$ snaps 3-week loss as rate rise seems imminent
Published Sun, Apr 12, 2015 · 09:50 PM
New York
The dollar is back on the upswing.
The US currency snapped a three-week loss on speculation that the Federal Reserve is inching closer to raising interest rates as the economy improves. A gauge of the greenback surged after jobless claims dropped to an almost 15-year low, boosting confidence that the Fed will increase borrowing costs this year for the first time since 2006.
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