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Higher US yields push dollar up for a 5th day
Published Wed, Oct 18, 2017 · 09:50 PM
London
THE dollar climbed for a fifth consecutive day on Wednesday as higher US Treasury yields triggered a squeeze on investors who have been broadly bearish on the greenback in recent weeks.
Some positive dollar news this week in the form of a potential new hawkish US Federal Reserve chair and the slow progress of US tax reforms has also helped the dollar rise to a one-week high in the previous session.
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