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U.S. dollar strengthens as equities rebound

​NEW YORK
2018-12-27 08:52

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The U.S. dollar strengthened on Wednesday following equity markets' rebound from one-and-a-half year low.

Stocks posted their best day in nearly a decade on Wednesday, with the all three major indices registering an increase of more than 4 percent.

Analysts said the stocks markets were showing sign of stabilizing, which helped lifted the dollar.

The dollar index, which measures the greenback against six major peers, increased 0.36 percent at 97.0577 in late trading.

In late New York trading, the euro was down to 1.1352 U.S. dollars from 1.1387 dollars in the previous session, and the British pound decreased to 1.2647 dollars from 1.2674 dollars in the previous session. The Australian dollar rose to 0.7056 dollar from 0.7035 dollar.

The U.S. dollar bought 111.35 Japanese yen, higher than 110.12 Japanese yen of the previous session. The U.S. dollar increased to 0.9950 Swiss franc from 0.9862 Swiss franc, and it was down to 1.3582 Canadian dollars from 1.3659 Canadian dollars. 
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