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Dollar hits a high

The dollar touched a near 13-month high against the euro and a basket of major currencies yesterday after European Central Bank President Jean-Claude Trichet said inflation risks in the euro zone have diminished.

  • Reuters
  • Published: 00:13 October 3, 2008
  • Gulf News

The dollar touched a near 13-month high against the euro and a basket of major currencies yesterday after European Central Bank President Jean-Claude Trichet said inflation risks in the euro zone have diminished.

Early in New York, the ICE Futures dollar index was last at 80.617, up 1.1 per cent, after touching 80.794, a near 13-month high. The euro was last down 1.7 per cent at $1.3784, having hit a low of $1.3746. Spot gold was quoted at $851.60/ $853.60 an ounce at 1416 GMT slipping 2.7 per cent, against $868.75 an ounce in late New York trade on Wednesday.

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