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Weekly Dollar gain hinges on US Rates, Yen's volatility
The Business Guardian
|July 20, 2024
The dollar held steady on Friday, poised to snap a two-week losing run, as US labour and manufacturing data kept traders pondering on the timing and magnitude of the Federal Reserve’s rate cuts this year.
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The dollar index, which measures the US currency against six rivals, was at 104.21, up from a four-month low of 103.64 touched on Wednesday, and was set for a 0.16% gain for the week after two weeks of losses.
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