1. Also helping the dollar has been concerns that China may devalue its currency. 2. Also helping the dollar is a prospect the U.S. interest rates might rise, traders said. 3. Any increase in the fed funds rate is likely to help the dollar, especially when both Japanese and German rates are at historic lows. 4. Another strong day for U.S. stocks -- and a rebound by U.S. bonds -- also helped the dollar, traders said. 5. Any progress on those plans would help the dollar, Redeker said. 6. As the pound climbed against the deutsche mark, that also helped the dollar against the mark, traders said. 7. Bond prices rose in early trading, bolstered in part by a cut in German interest rates that helped the dollar. 8. A Fed rate increase would likely help the dollar by luring global investors to deposits in the currency. 9. A Commerce Department report showing the U.S. trade deficit shrank in February did little to help the dollar, since traders were looking for an even smaller gap. 10. A declining Japanese surplus often helps the dollar by leaving fewer dollars in the hands of Japanese exporters to sell for yen to bring profits home. |