Dollar Trades at Almost Highest Against Yen Since 2009
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The dollar traded at almost the strongest since August 2009 versus the yen as signs the American economy is gaining momentum boosted demand for U.S. assets.
The Dollar Index traded at almost the highest in seven months before reports this week that economists said will show retail sales improved in February and consumer prices increased. U.S. stocks gained. Mexico’s peso rallied to its strongest level against the greenback since September 2011 after the central bank signaled its interest-rate cut last week would be a one-time reduction. The pound touched the weakest level to the dollar since June 2010.