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US dollar gains; shrugging off inflation, jobless claims as euro slips
The dollar gained on Thursday as investors took profits on bets it would weaken further and it shrugged off data showing signs of a slowing U.S. economy that suggested the Federal Reserve may be done raising interest rates. Euro weakness after a soft euro zone inflation report also partly helped boost the greenback, analysts said. The dollar index, which measures its value against six major currencies, rose 0.5% to 103.38 =USD and was on track to post its best daily gain in more than a month. On a monthly basis, the dollar has posted losses of 3%, on pace for its worst monthly showing in a year. Some analysts said ... (full story)