US Officials Talk Up Greenback |
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US Officials Talk Up Greenback The dollar rose against its rivals except the pound Monday following dollar supportive comments by US government officials and an unexpected 6.3% m/m rise in US April pending home sales. The yen, Swiss franc, Canadian and Australian dollars all fell to important support levels. Sterling rose on the worst producer price inflation in decades. The Bank of Canada is expected to cut its benchmark interest rate from 3.00% to 2.75% at its interest-rate setting decision
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