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The Greenback Hits a 3 Year High Going Into Fed Speak

“The Dollar Index rose to a three-year high before Federal Reserve Chairman Ben S. Bernanke speaks this week amid speculation signs of U.S. economic growth will encourage the central bank to slow stimulus.

The dollar climbed to the strongest in five weeks versus the yen as the Fed prepares to release the minutes of its June meeting on Wednesday at which Bernanke said policy makers may begin slowing bond purchases. A U.S. report last week showed payrolls rose in June. Sweden’s krona weakened after a report showed a manufacturing slump in the economy deepened. The euro rose against most of its major counterparts amid optimism Greece will get the next aid payout…”

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