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Managers of US$3t buy greenback after 6-mth slide

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The Bloomberg Dollar Spot Index jumped 0.5 per cent on Wednesday, and climbed another 0.2 per cent on Thursday.

New York

THE US dollar has been mired in its worst slump in a decade, battered by political drama in Washington and shifting bets on central-bank policy. Managers of US$3 trillion say the carnage has gone on long enough.

Mellon Capital Management Corp, State Street Global Advisors

sentifi.com

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