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US$ slips from 7-mth high; markets await Fed minutes

The US economy grew at a healthier clip in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates next month.


THE dollar slipped from a seven-month high against a basket of currencies on Wednesday as markets awaited minutes of the Federal Reserve's recent policy meeting which could reinforce expectations of a rate hike next month.

But with the Fed likely to flag concerns about the...