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MW: Dollar stays higher after consumer spending rises
 
The U.S. dollar remained higher Friday after the government said consumer spending rose 0.2% last month, in line with analysts' expectations. The dollar index a measure of the greenback against a trade-weighted basket of rival currencies, rose 1.1% to trade at 84.917. The dollar was higher, gaining as the euro fell 1.5% after German Finance Minister Peer Steinbrueck warned that the single currency could suffer if members that share it fail to respect the European Union's stability and growth pact.
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