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US: Dollar buoyed by economic recovery hopes, bitcoin near record $52,640

Stimulus cheques helped U.S. retail sales to rebound sharply in January, while industrial output and producer prices data also provided robust upside surprises

Topics
US Dollar | Economic recovery

Reuters  |  TOKYO 

By Kevin Buckland TOKYO (Reuters) - The dollar held ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations for the U.S. to recover from the pandemic faster than most of its peers. Bitcoin traded just shy of the new record high of $52,640 reached overnight, with its roughly 58% surge this month prompting some analysts to warn that the rally might be unsustainable. Stimulus cheques helped U.S. retail sales to rebound sharply in January, while industrial output and producer prices data also provided robust upside ...

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First Published: Thu, February 18 2021. 07:22 IST
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