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US Dollar Buying Pressure Subsides
The Dollar Index's eight-day advance is in jeopardy. Although the greenback recorded new highs against some major currencies, the momentum appears to be stalling. The news stream is constructive as a compromise seems to have been reached to avoid another US government shutdown, and there is some optimism that the US and China will strike a deal even if not by March 1. Equities are moving higher. The MSCI Asia Pacific Index ended a four-day downdraft as the region's largest markets rose. The Dow Jones Stoxx 600 gapped slightly higher to extend yesterday's gains. The 0.5% gain in the European morning was led by health ... (full story)