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Dollar steadies amid rate hike cues
The US dollar steadied near its lowest levels in two weeks, amid declining expectations of an American interest rate hike. Meanwhile, the Japanese yen remained at its lowest point in 40 years due to fears of government intervention to support it. The US Dollar Index reached 100.9 points, the euro traded at $1.1435, and the British pound was at $1.3351, as markets awaited the Federal Reserve’s meeting minutes to gauge the future course of interest rates.
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