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Dip in the dollar takes a breather with Fed in focus
SINGAPORE: A downdraft in the dollar took a pause on Thursday as investors began hunkering down ahead of a slew of central bank meetings next week, where hawkish holds are expected on interest rates in Japan, the US and Europe. The currency market is long the dollar on the assumption the AI boom keeps the US economy humming and that strong growth supports interest rates staying higher for longer. Recent gains for sterling and currencies in Canada, Australia and New Zealand, all of which have lately touched their highest on the dollar in several weeks, suggest dollar bets have been pared a b...
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