Greenback Finishes at 12-Year High

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A volatile week in the U.S. equity markets ended on the down side. The continued strength in the dollar had investors concerned about corporate earnings; the greenback finished at a 12-year high against the euro. Stocks saw greater success overseas: Europe posted a sixth consecutive positive week, while Japan’s Nikkei closed at its highest level in 15 years. Yield on the benchmark ten-year U.S. Treasury closed near 2.10%, down from last week’s — and this year’s — peak around 2.24%.

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