Principal currently holds euros in line with the level dictated by the bond benchmark the firm uses, and may boost its exposure if the European Central Bank starts cutting rates, said Swanger.
The dollar strengthened to US$1.4614 per British pound from US$1.4637, and to SF1.6323 from 1.6310. It weakened against the Canadian dollar, to C$1.5920 from C$1.5952.
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