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Dollar gains momentum as Fed-exit play dominates

From reuters.com

* Dollar index rises to two-week highs. * Fed's stimulus-withdrawal plan drives US yields up, and up. * Market eyes Nikkei, Chinese money markets amid data dearth. The dollar scaled a fresh two-week peak against a basket of major currencies in Asia on Monday, having posted its best weekly gain in 29-months as momentum builds after the Federal Reserve laid out a roadmap for scaling back stimulus. The dollar index rose 0.2 percent to 82.580, adding to last week's 2.2 percent rally. Against the yen, the greenback put on 0.6 percent to 98.40, while the euro fell as much as 0.3 percent to $1.3086, a low not seen since ... (full story)

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