US$ steadies, offshore yuan hits record low
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London
THE US dollar steadied near a recent peak on Wednesday, taking a breather ahead of the US Thanksgiving holiday after surging on expectations that a Donald Trump administration will boost growth and inflation, pushing up US interest rates.
The dollar index - which tracks the greenback against six major currencies - has climbed over 3 per cent since Mr Trump's victory two weeks ago, but has edged slightly lower this week after reaching its highest levels since early 2003.
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