April 4, 2017 / 12:52 PM / 4 months ago

Dollar holds gain after U.S. Feb trade data

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A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015.Gary Cameron/File Photo

NEW YORK (Reuters) - The dollar held slight gains versus a basket of currencies on Tuesday as a larger-than-forecast contract in the trade deficit in February supported the view of modest U.S. economic growth in first quarter.

The dollar index .DXY, a measure of the greenback versus a group of six currencies, was last up 0.08 percent at 100.61 after reaching its highest level since March 16 earlier Tuesday.

Reporting by Richard Leong

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