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Dollar strengthens against major currencies

The US dollar strengthened against its major counterparts yesterday after official U.S. data showed factories did brisk business in January

By Richard Nehme | Feb. 26, 2016 12:27 GMT
Euro continues to benefit from weaker USD
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The US dollar strengthened against its major counterparts yesterday after official U.S. data showed factories did brisk business in January, confirming earlier signs that manufacturing has begun to recover after a disappointing fourth quarter. GBP/USD traded at a low of $1.3897 from open at $1.3923. This morning it has fallen back to trade above $1.40 [...]

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