Blix report boosts dollar

The report -- delivered to the UN at 1515 GMT on Friday (February 14) -- stated that while there is no evidence that Iraq possesses weapons of mass destruction, it is yet to declare banned chemical and other weapons.

The dollar rallied to an intra-day high of $1.076 against the euro. Analysts said the rally was surprising, given that Blix is generally viewed by the market as not supporting President George W Bush’s drive to war.

"It looks like an exercise in position-squaring ahead of the long

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