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The dollar stormed back versus the euro and gained on other major currencies Wednesday as traders digested a full plate of economic news from the US.
With the US economy getting on its feet while Europe continues to struggle with slow growth and debt, the dollar remained near its 9-month highs versus the euro and sterling.
US Industrial production increased for the seventh consecutive month in January, according to a report released by the Federal Reserve on Wednesday, with the pace of growth during the month exceeding economist estimates.
Meanwhile, new residential construction showed a moderate increase in the month of January, according to a report released by the Commerce Department.
The news was less rosy across the Atlantic, where Britons claiming unemployment benefits in January increased unexpectedly to the highest level in nearly thirteen years.
The dollar rose to 1.3620 versus the euro, moving within a penny of last week's 9-month high of 1.3533.
Eurozone exports rose in December after stagnating in November, as a weak euro spurred demand for the region's products.
Seasonally adjusted overseas sales rose 3.1% month-on-month in December to EUR 114.4 billion after remaining flat in November.
The dollar also rebounded versus the sterling, jumping to 1.5680 from a 2-week low near 1.5800. With the advance, the buck moved back toward its 9-month peak near 1.5550, set a week ago.
Against the yen, the dollar rose to a 2-week high of 91.20.
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