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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Negative Talk Can’t Stop Dollar

Associated Press

The dollar overcame a sell-off on negative comments from top German central bank officials Friday, rebounding on a Commerce Department report that showed a healthy U.S. economy with benign inflation.

The currency finished the day with a mixed showing, but it still completed January with one of its strongest monthly advances against the yen and mark. Traders said the underlying upward trend for the dollar hadn’t changed.

“The market was like a yo-yo today,” said Elena Shperling, chief currency trader for the Banco di Sicilia’s New York branch. “But we’re still looking for a stronger dollar overall because of the stronger economy and low inflation.”