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US dollar dips ahead of key US data, bitcoin soars

From channelnewsasia.com

The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key U.S. economic data before the Federal Reserve's monetary policy meeting next week. The dollar index last sat around 105.57, having lost over 0.5 per cent in the previous session as U.S. Treasury yields tumbled. The greenback found support last week after Fed Chair Jerome Powell said U.S. economic strength might warrant tighter financial conditions, which pushed the benchmark 10-year yield above 5 per cent to its highest since July 2007. Bitcoin returned the market spotlight with the virtual ... (full story)

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  • Category: Fundamental Analysis