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US Dollar slips on Fed prospects; safe-haven Swiss franc, gold shine

From reuters.com

The dollar hit a multi-month low against the euro and the yen on Tuesday on the prospects of monetary easing by the Federal Reserve while the safe-haven Swiss franc and gold rose on Middle East tensions. The euro hit a three-month high of $1.14105, having gained 2.0% from a two-week low of $1.1181 touched a week ago as the dollar has lost steam. It last stood at $1.1406, up slightly on the day. The U.S. currency slipped 0.35% to 106.93 yen, its lowest since its flash crash in early January. The dollar index against a basket of six major rivals fell to its lowest level in three months to 95.943 , having lost 1.7% ... (full story)

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  • Category: Fundamental Analysis