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Dollar holds near one-week high before Fed speech
The article discusses the stability of the US dollar near its highest level in a week, as investors await the speech of the US Federal Reserve Chair for clues regarding monetary policy and efforts to curb inflation. This has led to a decline in the euro and the British pound against the dollar, despite their monthly gains, while the yen remained steady. Cryptocurrency prices also rose, particularly Bitcoin, along with currencies like the Australian dollar and the New Zealand dollar, amid expectations of interest rate hikes.
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