Dollar hits 3-mth high to euro on bets for faster Fed tightening; kiwi soars By Reuters
By Kevin Buckland TOKYO (Reuters) - The U.S. dollar touched a three-month high versus the euro and a one-week high versus the yen on Wednesday, after heated U.S. inflation spurred bets of faster monetary policy tightening than Federal Reserve officials have so far signalled. The New Zealand dollar jumped as much as 0.8% to 70.07 U.S. cents after the Reserve Bank of New Zealand said Wednesday it would halt its large-scale asset-purchase programme. On Tuesday, the kiwi had sunk as low as 69.18 cents for the first time since November. The greenback strengthened to $1.17720...
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