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Dollar well bid on Fed outlook, no G20 reprieve for yen

From reuters.com

The dollar hovered near a two-year high against a basket of currencies on Monday, underpinned by expectations the U.S. Federal Reserve will start its rate-tightening cycle sooner than expected. The dollar index, a gauge of the greenback's strength against a basket of major currencies, was at 84.607, within reach of a two-year high of 84.797 hit Friday. The yen eked out some lost territory after slumping to a six-year low against the dollar late last week, although the gains were modest. The yen didn't get any help from the weekend meeting of G20 finance ministers and bank chiefs in Cairns, Australia, where currencies ... (full story)

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