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Post by bot on Jan 21, 2014 18:52:28 GMT -5
Dollar rises to four-month high on taper comments LONDON (MarketWatch) -- The dollar rose to a four-month high on Tuesday according to FactSet data, supported by comments from Federal Reserve watcher Jon Hilsenrath that more tapering could be on the cards as soon as next week. The ICE dollar index climbed to 81.330 from 81.245 late on Friday. U.S. markets were closed on Monday for Martin Luther King Jr. Day. The gain on Tuesday came as The Wall Street Journal's Jon Hilsenrath reported that the Fed is on track to trim its bond-buying program for the second time in six weeks. A further reduction could as soon as the central bank's meeting on Jan. 28-29, he said. In other currency pairs, the pound rose to €1.2142, flirting with its highest level in a year.
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