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US$ drops as rate hike expectations wane

Published Mon, Oct 13, 2014 · 09:50 PM
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Sydney

THE US dollar declined after Federal Reserve officials said a worldwide slowdown may delay interest-rate increases, damping demand for the US currency.

The Bloomberg Dollar Spot Index, a gauge of the greenback against major trading-partner currencies, fell for the first time in three days. The yen climbed to the strongest in four weeks against the dollar as Asian stocks declined, boosting demand for Japan's haven assets. Australia's currency climbed from near a four-year low as its biggest trading partner China reported better-than-…

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