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US Dollar steady against peers; China trade data in focus

From reuters.com

The dollar held firm near a 10-day high on Friday boosted by expectations U.S. inflation will pick up, although concerns about an escalation in U.S.-China trade tensions limited the greenback’s gains. The dollar index against a basket of major currencies held gains made since early this week on Friday, changing hands at 94.867. It had risen as high as 94.941 in late trade the previous day, its highest since July 3, before bouncing back slightly as worries about deepening trade friction between Washington and Beijing capped gains. The greenback was supported in part by a report of U.S. consumer prices on Thursday ... (full story)

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  • Category: Fundamental Analysis