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US dollar also rise 0.4 per cent against the yen

The US dollar strengthened against most major currencies in midday trading after being flat to lower earlier in the day.
The US dollar also rose 0.4 per cent against the yen and gained 0.7 per cent against the Swiss franc as safety buying unwound and the US dollar strengthened.
Fed vice-chairman Stanley Fischer said two more increases of US overnight interest rates this year seemed “about right” during a television interview.
Also lending support to the dollar was data on US consumer confidence that showed a reading at the highest level in more than 16 years.
The euro fell 0.5 per cent against the US dollar to US$1.081.

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FOREX-Dollar up as Brexit fears contrast with solid U.S. data, Fed speakers

FOREX-Dollar

urn:newsml:reuters.com:*:nL2N1H50QO The dollar strengthened against most major currencies in midday trading after being flat to lower earlier in the day.
Fed Vice Chairman Stanley Fischer said two more increases of U.S. overnight interest rates this year seemed “about right” during a television interview.
urn:newsml:reuters.com:*:nFWN1H50N8 Also lending support to the dollar was data on U.S. consumer confidence that showed a reading at the highest level in more than 16 years.
(Reporting by Dion Rabouin; Editing by Andrea Ricci) ((Dion.Rabouin@thomsonreuters.com; +1 646 223 5946; Reuters Messaging: dion.rabouin.reuters.com@reuters.net)) Keywords: GLOBAL FOREX/
The euro EUR= fell 0.5 percent against the dollar to $1.081.

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FOREX-Dollar

The dollar index, which tracks the greenback against six major rival currencies, edged up slightly to 99.751.
It managed to crawl off a low of 98.858 plumbed earlier this week, its weakest level since Nov. 11, in the wake of U.S. President Donald Trump’s failed healthcare reform bill.
Fed Governor Jerome Powell said on Tuesday that the collapse of the healthcare reform bill had made the U.S. central bank’s job harder as it tried to anticipate which set of policies would pass.
It was too early to declare it dead with the failure of the healthcare reform bill to pass,” said Ayako Sera, senior market economist at Sumitomo Mitsui Trust.
The healthcare failure reform raised doubts that Trump would be able to carry out his fiscal stimulus and tax cuts, and pressured the dollar to 110.11 yen, its lowest since Nov. 18.

collected by :kiven Dixter

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