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Dollar rises vs. most rivals as G-20 ministers meet

Source: The Wall Street Journal’s Market Watch

TOKYO – The dollar gained against most major rivals in Asian trading Friday, as investors were reluctant to be short of the U.S. unit as finance ministers from the Group of 20 nations gathered in the South Korean city of Gyeongju, Market Watch reports.

In a letter to his G-20 counterparts, U.S. Treasury Secretary Timothy Geithner said countries shouldn’t use competitive exchange-rate policies and that exchange rates should reflect economies.

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