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Dollar edges higher ahead of U.S. data

Dollar gains ground with U.S. data on tap - The dollar edged higher against the other major currencies on Friday, as investors eyed the release of a batch of U.S. data later in the day amid growing expectations for a September rate hike by the Federal Reserve.

The dollar remained supported after data on Thursday showed that U.S. jobless claims rose more than expected last week, but held near the lowest level since November 1973.

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 8 rose by 5,000 to 274,000 from the previous week’s total of...