Strong Dollar Halts Footsie's Positive Start to Week ; Market Close

Summary

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A THREE-DAY winning streak for the FTSE 100 Index ended after bank stocks declined and miners retreated due to a stronger dollar.

The Footsie, which rallied 1 per cent on Monday, closed 29.6 points lower at 5285.8 as attention returned to the world's biggest economy. US producer prices were stronger than expected, while investors remained on the sidelines ahead of comments from Federal Reserve chairman Ben Bernanke (pictured) alongside the latest decision on interest rates on Wednesday.

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Strong Dollar Halts Footsie's Positive Start to Week ; Market Close

Positive economic news in the US is strengthening the greenback as traders bet that the Fed will soon lift ra...

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