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Dollar holds after data-fueled climb, heads for fourth weekly gain in a row

March 16, 2018

The U.S. dollar held on to its gains after climbing higher in the wake of stronger-than-expected economic data, reversing a previous loss that had the buck trading at a nine-day low.

This move also led to some of its rivals reversing course, including the euro, which had already been knocked by weaker-than-anticipated eurozone inflation data.

Otherwise, commodity- and trade-linked currencies, including the antipodean dollars and the Canadian dollar, remained under pressure given the fears over potential trade wars with the U.S.

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