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US dollar's bounce drags rivals across the board
The U.S. dollar Tuesday bounced back from a modestly negative performance at the start of the week, in turn putting pressure on a pair of major rivals, the euro and British pound. The ICE U.S. Dollar Index DXY, +0.68% was up 0.7% at 96.827. Dollar strength weighed on risk-sensitive currencies, including emerging markets, which declined across the board. The Turkish lira USDTRY, +1.3720% saw the steepest decline, with one dollar buying 5.3875 lira, compared with 5.3136 lira late Monday in New York. In developed markets, the Australian dollar AUDUSD, -0.9872% — risk and global growth bellwether — was sharply down ... (full story)