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Yen gets some relief as US dollar pulls back overnight
The yen got some much needed relief as the dollar and U.S. Treasury yields both steadied slightly lower on Thursday after mixed U.S. economic data overnight had markets lowering the odds of the Federal Reserve's raising interest rates again this year. The dollar index, which tracks the greenback against six peers, held near overnight levels at 106.78. The greenback gave up some of its recent gains after U.S. private payrolls increased far less than expected in September, according to the ADP National Employment Report on Wednesday, although that most likely exaggerates the pace of slowdown in the labour market. ... (full story)