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Markets

Dollar trims gains vs euro after US data

Published November 16, 2011 Updated November 16, 2011 03:04pm

dollarNEW YORK: The dollar slightly pared gains versus the euro on Wednesday after data showed US industrial output rose more than expected in October, suggesting the economy was gaining steam.

The euro traded as high as $1.3492 after the data, compared with $1.3479 earlier. It was last at $1.3483, still down 0.4 percent on the day.

Copyright Reuters, 2011

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