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US Dollar heads for weekly loss as traders shrug off taper talk
The dollar was pinned near milestone lows on Friday, and headed for a weekly loss, as traders’ initial concerns at taper talk in Federal Reserve minutes ebbed - with actual tapering seeming distant - while pandemic recovery boosted other currencies. On Wednesday, minutes from the April Fed meeting noted some committee members think that if the economy keeps improving, it might be appropriate, at upcoming meetings, to “begin discussing a plan for adjusting the pace of asset purchases”. But after bouncing off a four-month low on the euro as the mere mention of tapering policy prompted fears of early rate rises, ... (full story)