The US dollar reached a near 13-month high against the euro |
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The US dollar reached a near 13-month high against the euro and a basket of major currencies on Thursday after European Central Bank President Jean-Claude Trichet said inflation risks in the euro zone have diminished. The US Senate passed a $700 billion financial sector bailout plan late Wednesday that had already pushed the dollar higher in the prior New York session. Despite being at the center of the financial crisis, the greenback has surged this week after a number of European banks had
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