Economics
Dollar Index Rallies to Highest Since 2010 on Fed; Aussie Slides
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The Dollar Index climbed to the highest level in almost three years amid speculation the Federal Reserve is moving closer to ending its program of asset purchases on signs U.S. economic growth is improving.
The greenback rose versus all of its 16 most-traded peers as U.S. leading indicators improved and consumer confidence rose to the highest in almost six years. The American currency climbed past 103 yen for the first time since October 2008. The Australian and New Zealand dollars slid on concern slowing global inflation will damp demand for commodities.