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U.S. dollar on track for 10th week of gains on U.S. rate view
The dollar rose against a basket of major currencies on Friday, on track for its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than expected. But some market participants said the dollar's move was overdone and its rally should pause in the short term. Fundamentally, the dollar seemed to be getting just a marginal boost from positive U.S. economic news, they added. "I just think we've come along way very quickly here and the dollar doesn't seem to be getting incremental support from positive developments," said Shaun Osborne, chief currency strategist, at TD Securities ... (full story)
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