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US Dollar Ends Strong Week on High Note to Restart Debate Over Peak

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A combination of thin summer markets and jittery traders has helped set the dollar up for a strong finish to what has been a solid week of gains.

Bloomberg’s gauge of the greenback rose for a third day, climbing as much as 0.3%, and the US currency strengthened against all major peers. Some traders pointed to Indonesian President Joko Widodo’s comments that Xi Jinping and Vladimir Putin would attend a Group of 20 summit later this year as a catalyst for haven dollar buying.