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TOKYO (Reuters) -The dollar held near a multi-month high against other major currencies on Thursday as investors bet fiscal stimulus and aggressive vaccinations will help the United States grow faster than other economies.
FILE PHOTO: A man counts U.S. dollar banknotes at a currency exchange shop in Beirut, Lebanon March 23, 2021. REUTERS/Mohamed Azakir
The dollar’s index against a basket of six major currencies stood at 93.239, close to a five-month high of 93.439 reached on Wednesday.
The gains came as the euro, the biggest component in the index, suffers from concerns the euro zone’s economic recovery is being hampered by a third wave of COVID-19 infections.
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