US election fears weigh on greenback
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London
POLITICS dominated currency markets on Thursday as US election worries kept the US dollar weak against the yen while sterling rose more than one per cent after a UK court ruled that parliament would have to approve the start of Brexit talks.
The US dollar recovered some ground to trade at less than US$1.11 per euro, helped by a Federal Reserve meeting on Wednesday that again pointed towards a rise in interest rates next month, also likely to be backed by payrolls data on Friday.
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