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US$ inches up, caution ahead of Fed statement

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Published Wed, Jan 28, 2015 · 09:50 PM

London

THE US dollar climbed against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, although gains were muted before a statement from the Federal Reserve after its policy meeting.

Interest-rate sensitive two-year Treasury yields held above 0.50 percent, lending support to the dollar.

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