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© Reuters. Investing.com – The greenback was flat on Monday as the safe haven yen rose after China’s exports unexpectedly fell, increasing worry over global demand. The , which measures the greenback’s strength against a basket of six major currencies, inched down 0.07% to 95.20 as of 10:25 AM ET (15:25 GMT), while slipped 0.26%
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© Reuters. Investing.com – The climbed on Friday in Asia after data showed the country’s for November came in better than expected. Sales rose 0.4% month-on-month, up from 0.3% growth in October and above analysts’ estimates of a 0.3% gain. Meanwhile, the U.S. dollar slipped after Federal Reserve Chairman Jerome Powell reiterated that the central
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© Reuters. Investing.com – The dollar fell against its rivals for third-straight session Monday as U.S. services activity undershot expectations, strengthening expectations the Federal Reserve could rein in rate hikes. The , which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.55% to 95.23. data for December fell to a
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© Reuters. Investing.com – The safe-haven yen rose on Monday in Asia even after China’s aggressive monetary easing improved investor sentiment, while the U.S. dollar slipped ahead of Wednesday’s minutes of the Federal Reserve’s December meeting and a speech by Fed Chairman Jerome Powell a day later. The pair was down 0.4% to 108.15 by
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© Reuters. Investing.com – The U.S. dollar struggled for direction on Friday as Federal Reserve Chairman Jerome Powell said he would change the balance sheet if needed. Powell, who was speaking at a Brookings Institution event along with Janet Yellen and Ben Bernanke, said that the Fed would act “quickly” if market concerns outweigh the
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