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US dollar loses steam ahead of Fed meeting minutes, US inflation test
The dollar was broadly flat against major currencies, as traders trained their sights on the release of Federal Reserve minutes later on Wednesday and a key inflation print the next day for hints on the future path for interest rates. U.S. Treasury yields continued to slide, pinning the dollar close to two-week lows as markets digest recent comments from policymakers that the Fed may not need to tighten monetary policy further. Investors were also keeping a close eye on the conflict between Israel and Palestinian Islamist group Hamas, with some signs of safe haven market moves in recent days. The benchmark 10-year ... (full story)