Sun, Mar 27, 2005 - Page 10 News List

Dollar shows biggest gain in 11 weeks against rivals

FOREX The US currency is gathering momentum as traders increase bets on the extent to which the Federal Reserve will raise its interest-rate target, analysts said

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"The dollar's upward trend is going to continue," said Toru Umemoto, market analyst in Tokyo at Keio University's Global Security Research Center. "Yields are rising, and the US economy is strengthening. All of this is dollar supportive."

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