Dollar builds on gains, sterling volatility jumps

April 9, 2015 10:19 AM

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Dollar builds on gains, sterling volatility jumps

LONDON (Reuters) - The dollar touched a one-week high on Thursday after two influential Federal Reserve officials kept alive expectations for a rise in U.S. interest rates before the end of this year.

On sterling, the cost of insuring against volatility over the course of the next month, which now takes in the results of a May 7 parliamentary election, soared to the highest in 3-1/2 against the dollar and six years against the euro.

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