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Urgent: U.S. dollar soars against euro on policy divergence

Xinhua, March 12, 2015 Adjust font size:

The U.S. dollar climbed Wednesday to a 12-year high against the euro as the European Central Bank added stimulus into the economy while the Federal Reserve was moving closer to the interest rates hike.

In late New York trading, the euro declined to 1.0535 dollars from 1.0699 dollars in the previous session, while the dollar bought 121.51 Japanese yen, higher than 121.10 yen of the last session. Endite