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Top currency trade stuck in a Fed-induced rut

US$ has been hovering around its short- and medium-term averages against the euro since late June

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The greenback registered the smallest move this quarter against the common currency despite rising sharply against most major currencies.

New York

TRADING the world's most widely used currency pair has become a thankless chore for investors.

The dollar has been hovering around its short- and medium-term averages against the euro - near US$1.10 per euro - since late June. An economic slowdown in China and a commodity

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