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US$ strengthens on Fed official's upbeat comments
Published Mon, Aug 22, 2016 · 09:50 PM
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London
THE dollar rose on Monday, tracking short-dated US Treasury yields after comments from Federal Reserve vice-chairman Stanley Fischer revived bets on a US interest rate hike by the end of this year.
The two-year Treasury yield rose to a post-Brexit high of 0.7830 per cent after Mr Fischer said he thought the central bank was close to achieving its employment and inflation targets.
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