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Dollar Faces Weekly Downturn
The US dollar declined today and is heading toward its biggest weekly loss since April, following a weak US jobs report that led the market to lower its interest rate hike expectations. The euro strengthened against the dollar, gaining 0.6% over the week, while the British pound reached a three-month high with a 1.2% increase. The dollar index fell by 0.6% over the week, and the US labor market showed signs of easing, with US Treasury yields declining.
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