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Urgent: U.S. dollar rises on rate hike expectation

Xinhua, March 11, 2015 Adjust font size:

The U.S. dollar surged against most major currencies on Tuesday as the country's upbeat nonfarm payrolls raised market expectation that the Federal Reserve may raise interest rates in mid-year.

In late New York trading, the euro decreased to 1.0699 dollars from 1.0858 dollars in the previous session, while the dollar bought 121.10 Japanese yen, lower than 121.18 yen of the previous session. Endite