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FOREX-Dollar gains as stocks rise on U.S. GDP data

Thu Aug 28, 2008 12:06pm EDT

(Updates with latest market moves)

Currencies  |  Global Markets

NEW YORK, Aug 28 (Reuters) - The U.S. dollar rose against the euro on Thursday, reversing previous declines, as stocks rallied on news of unexpectedly strong U.S. growth in the second quarter, easing concerns about the economy.

The euro was down 0.2 percent at $1.4688 EUR= while the yen was little changed at 109.55 yen JPY=. (Reporting by Nick Olivari; Editing by James Dalgleish)

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