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US dollar consolidates as hopes for quick recovery evaporate

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The US dollar edged toward a 2 per cent weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic.

[SINGAPORE] The US dollar edged toward a 2 per cent weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic.

The gains consolidate the US dollar's strength after a rollercoaster end to last...

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