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Dollar retreats as riskier currencies recover

The U.S. dollar edged lower across the board as traders showed a preference for riskier currencies on Tuesday, a day after worries over vaccine rollouts and the outlook for U.S. fiscal stimulus boosted demand for safe havens.

Dollar retreats as riskier currencies recover | Money

Wednesday, 27 Jan 2021 07:39 AM MYT The US Dollar Currency Index was 0.22 per cent lower at 90.143. AFP pic Subscribe to our Telegram channel for the latest updates on news you need to know. NEW YORK, Jan 27 ― The US dollar edged lower across the board as traders showed a preference for riskier currencies yesterday, a day after worries over vaccine rollouts and the outlook for US fiscal stimulus boosted demand for safe havens. Mounting coronavirus cases and caution ahead of the conclusion of the US Federal Reserve s policy meeting today have dulled appetite for risk, lending support to the dollar against a basket of currencies in recent sessions. But investors were once again nibbling at riskier currencies yesterday.

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