Slight recovery for US$ after worst start in 3 decades
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London
THE US dollar recovered a little ground on Wednesday after recording its worst start to the year in three decades on concerns that the US was poised to ditch its two-decade-old "strong dollar" policy.
The greenback skidded 2.6 per cent against a basket of major peers in January, its worst showing since 1987. It fell first on worries over signs of protectionism from US President Donald Trump and then on mounting unease that the new administration is set on talking down the currency.
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