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Dollar defensive as markets weigh US rates outlook
The dollar was restrained on Friday by uncertainty over the path of U.S. interest rates, while the euro held overnight gains as data hinted that the downturn in the euro zone may be easing. With U.S. markets closed on Thursday and due for a shorter trading session on Friday for Thanksgiving, currencies are likely to trade narrowly but with some volatility as liquidity is expected to remain thin. The dollar index, which measures the U.S. currency with six peers, eased 0.029 per cent to 103.73, staying close to the two-and-a-half month low of 103.17 it touched earlier this week. The index is down 2.8 per cent for the ... (full story)