US dollar rises on policy divergence

New York, Nov 11 (IANS) The US dollar increased against most major currencies on Tuesday as the country’s central bank was on track to a rate hike while its European counterpart signaled to unleash further stimulus to boost the economy.

In late New York trading, the euro fell to $1.0704 from $1.0757 in the previous session, while the dollar bought 123.24 Japanese yen, higher than 123.10 yen of the previous session, reported Xinhua.

 

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