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- Dollar index stuck near 1-week low
- Dollar sags after US yields brush off upbeat data and decline Uncertainty over Trump's policies seen capping the dollar By Shinichi Saoshiro
TOKYO - The dollar was stuck near a one-week low against a basket of currencies early on Friday, after upbeat U.S. economic data failed to lift Treasury yields. The dollar index against a group of major currencies stood at 100.570 after hitting 100.410, it is lowest since Feb. 9 plumbed overnight when it slid 0.7 percent.
The index had soared to a one-month high of 101.760 as recently as Wednesday, as U.S. Federal Reserve Chair Janet Yellen spoke in support of a near-term rate hike and the markets also saw robust U.S. inflation and retails sales data. Indicators released on Thursday shed more positive light on the U.S. economy, with the Philadelphia manufacturing index on jumping to a 33-year high.
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