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US$ edges lower vs yen before Yellen testimony
Published Wed, Jul 12, 2017 · 09:50 PM
London
THE US dollar fell against the yen and languished at 14-month lows against the euro on Wednesday ahead of Federal Reserve chair Janet Yellen's appearance in Congress to give testimony on monetary policy.
As investors sought to take profits after a recent dollar rally on the back of a broadly mixed session for risky assets, the greenback's rise was also halted thanks to a softening of US Treasury yields this week.
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