Dollar Index Penetrates Downtrend |
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Dollar Index Penetrates Downtrend The dollar rose against its rivals Thursday despite the highest US inflation rate in 17 years and higher-thanexpected jobless claims. Investors shook off stagflationary readings, betting the Federal Reserve would get help from falling commodity prices in inflation fight. The greenback was supported by lower energy prices and higher US equity prices. The yen fell on increased risk appetite as US stocks rose for the first time in three days after regulators
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