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Singapore, April 13 (QNA) – The dollar strengthened to the highest level in a week in a broad rally against most of its peers in early Asian trade on Monday as peace talks between the US and Iran broke down and the US Navy prepared a blockade of Iranian ports.
The US dollar index, which measures the greenback’s strength against a basket of six currencies, was up as much as 0.5% at 99.187, its highest level since April 7.
The euro was down 0.5% at $1.1667 as the British pound fell 0.6% to $1.3383, while the Australian dollar was 0.8% lower at $0.7014 and the New Zealand dollar was off 0.7% at $0.5798. (QNA)
