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Dollar hits eight-month high on rate views, metals sink

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The dollar rose to an eight-month high on Monday amid heightened expectations that the U.S. Federal Reserve might raise interest rates next month, driving down the prices of copper, gold and other metals.World equity markets slipped, with U.S. stocks ending slightly lower in quiet trading after a week of strong gains. Worries that a buoyant dollar could discourage producers from cutting supply despite weak demand weighed on base metals prices. Copper fell to its cheapest in six months before recovering.The dollar index , which measures the ...

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First Published: Tue, November 24 2015. 05:32 IST
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