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US dollar supported by safety flows; euro at new 2-year low
The dollar stood tall on Friday, holding near multi-week highs against most major currencies as heightened risks from political tensions to the Sino-U.S. trade war increased its safe-haven luster. In Asian trade it was steady around 107.75 yen JPY=, near a one-week peak, and edged higher against the euro EUR= to $1.0916. The single currency slipped to a fresh two-year low pressured by an increasingly weak outlook for the euro zone. The greenback also steadied against the Australian dollar, near its strongest in three weeks, while it regained some ground handed to the New Zealand dollar on Thursday. “The positive ... (full story)