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Reuters Lee Jae Won
The US dollar hit a six-week high against a basket of currencies, with the euro, the Swiss franc and the Japanese yen lower.
The dollar index rose 0.43 percent to 91.017 at the end of the trading session, its highest level since December 21.
The Japanese currency fell, hovering around 105 yen against the US dollar, its lowest level since mid-November.
The euro fell 0.6 percent to 1.2060 dollars, and against the Swiss franc, the green currency rose 0.68 percent to 0.8967 for the dollar, the weakest level for the franc in two months.
The dollar’s moves were supported by evidence indicating that the United States will recover from the Coronavirus pandemic better than other countries.
The euro weakened after Germany said that retail sales fell by 9.6 percent in December after tightening closures last year to control the Corona epidemic, which curbed consumer spending in Europe’s largest economy.
The dollar’s gains today came with the rise in oil and silver prices, both of which are denominated in the US currency, two percent and seven percent, respectively.
Source: Reuters
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