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    Dollar extends gains versus other majors after U.S. data

    The dollar was boosted against the rest of the major currencies on Friday, as investors were filled with optimism  over the strength of the economy after the release of upbeat U.S. retail sales data.

    Futhermore, Janet Yellen said on Wednesday that there are good reasons to believe the U.S. will stay on a path of moderate growth that will allow the Fed to pursue "gradual" adjustments to monetary policy.  In her testimony before a congressional committee, she also acknowledged the risks facing the U.S. economy from tightening financial conditions driven by falling stock prices and uncertainty over China.

    Elsewhere, the dollar edged up 0.40% against the Japanese yen, with USD/JPY to trade at 112.87, off Thursday’s 15-month trough of 110.98.

    The single currency declined 0.74% against the dollar, with EUR/USD to trade at 1.1239. 

    Sterling pound was steady against the dollar, with GBP/USD to trade at 1.4473, but the dollar was higher against the Swiss franc, with USD/CHF gaining 0.47% to 0.9769.

    Meanwhile, the Australian and New Zealand dollars were weaker, with AUD/USD down 0.44% at 0.7076 and NZD/USD tumbling 1.44% to 0.6619.

    USD/CAD slipped 0.14% to trade at 1.3915, as the rebound in oil prices lent support to the commodity-related Canadian currency.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.48% at 96.09, off Thursday’s four-month low of 95.28.

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