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Dollar sags on firmer pound, wobbly emerging currencies brake fall

Updated : September 06, 2018 07:17 AM IST

The dollar index against a basket of six major currencies stood at 95.034, down 0.15 percent after shedding nearly 0.3 percent overnight when it was nudged away from a two-week high of 95.737.
The catalyst behind the dollar’s fall was the pound, which surged nearly 1 percent at one point after Bloomberg reported that the United Kingdom and Germany were prepared to drop a key sticking point in Brexit negotiations.
Argentina’s peso, which has lost more than 50 percent of its value this year, did mark a rare pause in losses overnight.
Dollar sags on firmer pound, wobbly emerging currencies brake fall

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