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Dollar Under Pressure as U.S. Yields Fall; Yen, Euro Gain
Friday, 7 December 2018 00:16 WIB | CURRENCIES |DOLLARDolar AS

The dollar weakened against major peers on Thursday as U.S. Treasury yields tumbled and traders scaled back expectations on the number of rate hikes the Federal Reserve would implement amid weakening economic data and heightened market volatility.

The benchmark 10-year Treasury yield hit a three-month trough of 2.845 percent. It was last down 7 basis points at 2.851 percent.

The euro was 0.33 percent higher against the dollar at $1.1382.

The dollar fell 0.8 percent against the Japanese yen after news of the arrest in Canada of a top executive of Chinese tech giant Huawei prompted fears of a flare-up in U.S.-China trade tensions.

Source : Reuters

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