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Buoyant US dollar on course for its longest weekly winning streak since 2014
The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve's rate-hike cycle into question. In Asia, traders were keenly watching moves in the Chinese currency, after the onshore yuan CNY=CFXS tumbled to a 16-year low in the previous session. The U.S. dollar index =USD, which measures the greenback against its major peers, steadied at 105.02 in early trade, not far from the previous session's six-month high of 105.15. The index was on track to extend its gains into an eighth straight week, and ... (full story)