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Sterling boosted by UK data ahead of BoE rate decision

This article was originally published in Dairy Markets

The dollar surged to a four-month high against the yen on Wednesday, touching $1 = ¥99.48 and closing in on 100 for the first time since early November. Concerns about Japan's struggling economy and a report showing that US private employers cut 697 000 jobs in February boosted safe-haven flows into the greenback.

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