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Dollar index hits 14-yr high after US reports strong manufacturing activity

The dollar index rose to 103.820, its highest since Dec 2002


The dollar index rose to a new 14-year high on Tuesday after data showed US manufacturing activity grew more than expected in November. The dollar index, which tracks the greenback against six major world currencies, rose to 103.820, its highest level since December 2002 after construction spending rose to its highest level in ten-and-a-half years and the institute for supply management reported manufacturing prices paid and purchasing managers' prices had also outpaced expectations. The euro fell to $1.0342, its lowest against the dollar since 2002, after the data release.

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First Published: Tue, January 03 2017. 23:00 IST