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Dollar falls from 6-year high vs yen as U.S. yields slide
The dollar pulled back from six-year highs against the yen to trade little changed on Wednesday, weighed down by a drop in U.S. Treasury debt yields amid weakness in global stocks. Investors also booked profits on long U.S. dollar positions ahead of key event risks - the European Central Bank's monetary policy meeting on Thursday and Friday's U.S. non-farm payrolls report. Still, the dollar is expected to sustain its strength for the rest of the year as investors bet that robust U.S. economic data will lead the Federal Reserve to tighten monetary policy. A private sector employment report showing the U.S. economy ... (full story)