18 May 2001, 23:41 US FX Review: Dollar ends week on strong note
By Cornelius Luca
New York, May 18 (BridgeNews) - The dollar posted two-day highs versus
key currencies in a session driven by flow activity rather than
fundamentals. The euro was undermined by news that euro-zone industrial
output fell 0.2% in March, while the yen was pressured by the Bank of
Japan's decision to expand the range of JGB outright buying operations,
thus leading to speculation that the bank would eventually boost outright
bond purchases.
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