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Dollar holds near 4-week high vs yen, focus on U.S. inflation data

From reuters.com

The dollar held steady near a four-week high against the yen on Thursday, with traders looking to U.S. consumer inflation data later in the day for clues on the possible timing of the Federal Reserve’s next rate rise. The dollar last stood at 110.59 yen, up 0.1 percent from late U.S. trade on Wednesday and trading within sight of Wednesday’s high of 110.69 yen, its highest level since Aug. 16. The dollar, which slid to a 10-month low of 107.32 yen last week on worries over Hurricane Irma and North Korea, has climbed this week as risk sentiment improved and U.S. Treasury yields edged higher. A near-term focus is U.S. ... (full story)

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  • Category: Fundamental Analysis