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U.S. Dollar Rises Against Euro, Swiss Franc

The U.S. dollar strengthened against the euro and the Swiss franc ahead of the European session on Tuesday.

The U.S. dollar rose to 4-day highs of 1.3362 against the euro and 0.9082 against the Swiss franc, from early lows of 1.3385 and 0.9064, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 1.332 against the euro and 0.91 against the Swiss franc.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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