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U.S. Dollar Rallies on Expected Economic Growth Pace

The dollar rose versus its developed-market peers amid speculation the U.S. economy, the world’s largest, will outpace other Group-of-10 nations.

The euro held its biggest drop in more than a week after a report yesterday showed the currency region’s industrial output slumped and Germany cut growth forecasts. The pound touched an 11-month low after a report showed U.K. inflation fell to levels unseen in five years. The yen weakened for a second day after technical indicators signaled it was overbought.

The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, rose 0.1 percent to 1,069.45 as of 8:52 a.m. in Tokyo from yesterday, when it advanced 0.3 percent.

Bloomberg [1]

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