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US Dollar Up, U.S. Stimulus Talks Falter
The dollar was up on Monday morning in Asia, with negotiations over the latest stimulus measures in the U.S. floundering and the yuan seeing a drop after the Chinese central bank announced measures to curb the currency’s strength earlier in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.10% to 93.108 by 9:43 AM ET (1:43 AM GMT). The greenback rebounded from losses on Friday, the biggest in six weeks, as investors hoped for Congress to reach consensus on the stimulus measures. Investor hopes rose after President Donald Trump proposed a $1.8 trillion package ... (full story)