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Dollar rises to highest level since early March
The dollar rose Friday against its major rivals, reaching its highest level since early March as weak data from Europe softened the pound and the euro. Investors also were shifting their focus to the Federal Reserve’s meeting on monetary policy, scheduled for next week. The ICE U.S. Dollar Index DXY, +0.52% a measure of the buck’s strength against a basket of six rival currencies, rose 0.5% to 97.43, its highest level since early March, according to FactSet data. “We haven’t seen the dollar index this high since the market was projecting the Fed would hike rates,” said Jameel Ahmad, chief market analyst at ... (full story)