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If the dollar climbs much higher, some companies may have to lower their prices to keep foreign customers from looking elsewhere for better deals, Keon says.
Archives|CURRENCY MARKETS; Dollar Climbs Sharply; Gold Is Higher in U.S. CURRENCY MARKETS; Dollar Climbs Sharply; Gold Is Higher in U.S. The dollar rose strongly in active trading yesterday, apparently benefiting from the record setback on Wall Street and the accompanying slump in the bond market.
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Against the yen, the dollar climbed to 119.77 yen.
The dollar climbed against the euro and the yen.
CURRENCY forecasters who have long predicted its decline have seen the dollar climb inexorably for years.
The dollar climbed against the yen after Japan sold its currency to protect exports.
The dollar climbed 1.2percentt against the euro, which was worth $1.3609.
China's currency has resumed its stately appreciation against the dollar, climbing by 2.5% since its July trough.
After less than two hours of Moscow trading, the rout resumed, with the dollar climbing to 80 roubles.
The dollar climbed after United States-backed forces entered Kabul, the Afghan capital, and the Taliban militia fled.
YEN DECLINES -- The dollar climbed against the yen on speculation that economic growth in the United States is outpacing Japan and Germany.
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