16 March 2001, 12:06  DOLLAR REACHES 3-MONTH HIGHS IN US HOURS

The dollar reached three-month highs vs the euro and a 20month high vs the yen Thursday in a move largely triggeredby stop-loss dollar buy orders, sources said. The underlyingtrend remains the same, traders said - to buy safe-havendollars in the midst of global uncertainty. The euro-dollarclosed at $0.8977 on Thursday. The break earlier in theafternoon of the key support level in the euro-dollar near$0.9000 paved the way for further declines, traders said.Traders see some euro-dollar sellers lurking around the$0.9020/30 area.

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