Dollar Rises, Euro Lowers, Yen Falls, after Interest-Rate Increases

? The dollar rose and the yen fell against major currencies on Thursday following global stock recovery, interestrate increases in Europe and New Zealand and renewed interest in carry trades. ? The euro was lower against the dollar, still above support at the 1.31-handle, on Thursday after European Central Bank President Jean-Claude Trichet said interest rates in the region were moderate and monetary policy was ?on the accommodative side,? suggesting he sees room to lift the benchmark lending
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