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

Xinhua, March 14, 2015 Adjust font size:

The U.S. dollar went up against most major currencies on Friday as the Federal Reserve policy meeting next week spurred market expectation for an earlier increase of interest rates this year.

In late New York trading, the euro declined to 1.0475 dollars from 1.0603 dollars in the previous session, while the dollar bought 121.33 Japanese yen, lower than 121.36 yen of the previous session. Endite