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Summary Dollar rose against euro after Spain warned that its budget deficit would be worse than expected.
The dollar is rising sharply against the euro after Spain warned that its budget deficit would be worse than previously expected.The dollar is also rising against the Japanese yen, hitting a nine-month high early Friday. The yen has been weakening against the dollar since the Bank of Japan announced a surprise increase of its economic stimulus program in February.The euro fell to $1.3192 in midday trading from $1.3316 late Thursday. The dollar rose to 81.725 Japanese yen, its highest point since May 31. It was worth 81.08 yen late Thursday.In other trading, the British pound fell to $1.5851 to $1.5953. The dollar rose to 0.9142 Swiss franc from 0.9059 Swiss franc.
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