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US dollar slumps on report China may halt bond buys
Published Wed, Jan 10, 2018 · 09:50 PM
London
THE US dollar slumped on Wednesday after a report that China was ready to slow or halt its US treasury purchases, with the greenback posting its biggest single-day drop against the Japanese yen in nearly eight months.
Officials reviewing China's foreign-exchange holdings have recommended slowing or halting purchases of US Treasuries, Bloomberg News reported, citing people familiar with the matter.
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