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Greenback sinks to 5-week low

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The dollar sank to a five-week low below 114 yen on Thursday and was on course for its worst week since November, hit by a loss of confidence in the US reflation trade which has dominated markets since Donald Trump's election.

London

THE dollar sank to a five-week low below 114 yen on Thursday and was on course for its worst week since November, hit by a loss of confidence in the US reflation trade which has dominated markets since Donald Trump's election.

Speculators had driven the dollar higher on

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