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Investors Iraq News
06-14-2014, 09:20 PM
Amidst Iraq conflicts Dollar rises higher

The dollar edged higher against a basket of major currencies on Friday after violence in Iraq triggered a safety bid for the U.S. currency, while a slight rise in U.S. bond yields underpinned the move. Escalating insurgent conflict in Iraq resulted in a cautious mood, while renewed focus on the potential for more monetary stimulus in Japan and an uptick in U.S. Treasury yields also drove demand for the dollar.

Source: IraqDirectory.com (http://www.iraqdirectory.com/en/2014/06/14/27348/amidst-iraq-conflicts-dollar-rises-higher.aspx)

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