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US$ index hits 5-week low over rate hike chances

Thursday, June 9, 2016 - 05:50

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The US dollar underperformed on Wednesday, hitting a five-week trough against a basket of currencies, hurt by waning expectations that the Federal Reserve will raise interest rates anytime soon.

London

THE US dollar underperformed on Wednesday, hitting a five-week trough against a basket of currencies, hurt by waning expectations that the Federal Reserve will raise interest rates anytime soon.

The dollar index, which tracks the greenback against a basket of six rivals,

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