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US dollar at 1-month high on economic, political woes

Published Thu, May 23, 2019 · 09:50 PM

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London

THE US dollar hit its highest level in a month as economic and political uncertainties swept through Europe and Asia, pinning down most major currencies such as the euro and the yuan.

Worries over German manufacturing, the impact of a deepening trade war on Asian economies and deepening concerns over Brexit and European parliamentary elections have broadly curbed risk appetite and sent investors to perceived safe-haven assets.

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