Dollar holds firm near 4-month high, retains weekly gains on Fed bets By Reuters

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2/2 © Reuters. FILE PHOTO: A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel 2/2 By Hideyuki Sano TOKYO (Reuters) - The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus. The U.S. currency was underpinned by data, released on Thursday, showing U.S. producer prices posted their largest annual increase in more than a decade in the 12 months through July. Although consumer price data published a day earlier indicated inflation may be peaking, the wholesale price data underscored the strength of inflationary pressure, helping the case for removing some of the Fed's stimulus. The stood firm at 92.966, not far from Wednesday's four-month high of 93.195, and retaining a weekly gain of 0.2%. The euro eased slightly to $1.1732, on cou
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