US dollar advances to seven-week peak after data, debt ceiling hopes

US dollar advances to seven-week peak after data, debt ceiling hopes

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The dollar rose to fresh seven-week peaks on Thursday after another round of solid economic data further pared back bets on easing by the Federal Reserve and amid market optimism about U.S. debt ceiling deal to avert a potential default. Thursday's reports showed lower-than-expected U.S. initial…

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