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Dollar Edges Higher as Euro Suffers

Tuesday,   09-Oct-2018   03:30 PM (IST)

Away from equities, the dollar edged higher against its major rivals, underpinned as the move higher in U.S. Treasury yields continued.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up about 0.2% to 95.65, not far from a seven-week top of 95.78 reached last week.The euro fell 0.2% to 1.1465, close to a seven-week low of 1.1460 reached during the previous session, as concerns about a row in the European Union over Italy's budget persisted.