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Dollar extends rally, euro weak; political risk jolts Italian markets

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - The U.S. dollar rallied further to a five-month high on Wednesday, supported by relatively robust U.S. economic data in recent days, while Italy's borrowing costs jumped and its stocks slid on concerns linked to economic plans from the country's potential coalition government.Wall Street's main stock indexes gained, with the Russell 2000 small-cap benchmark marking a record high.Investors were digesting Tuesday's surge in U.S. bond yields on the heels of a retail sales report that fuelled the dollar and hurt stocks.The benchmark 10-year U.S. Treasury ...

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First Published: Thu, May 17 2018. 02:05 IST