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NEW YORK (AP) - The dollar surged against the European currencies but fell against the Japanese yen Monday as economic distress over the weekend fed into investors' desire for the safe buck.
The 16-nation euro dropped to $1.3161 in New York trading from $1.3304 late Friday, while the British pound fell to $1.4196 from $1.4302.
It was the dollar's highest point since March 18, when the Federal Reserve said it would pump more than $1.2 trillion into the money supply and sent the dollar plunging.
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