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Dollar strength hurts stocks, crude oil bounces off lows

Global equity markets declined on Thursday and the dollar added to a recent string of gains after another US Federal Reserve official talked of higher US interest rates before long.

The dollar rose for a fifth day, adding 0.07 per cent to 96.116 against a basket of major currencies. The streak is the longest for the dollar in nearly a year and puts the greenback on track for its first weekly rise in a month.

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