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US dollar rebounds from multi-month lows, yen rallies | Hellenic Shipping News Worldwide

US dollar rebounds from multi-month lows, yen rallies | Hellenic Shipping News Worldwide
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Dollar lower ahead of key inflation data Friday

Dollar lower ahead of key inflation data Friday
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Dollar lower after revised data shows US economy growing slower than expected | Hellenic Shipping News Worldwide

Dollar lower after revised data shows US economy growing slower than expected | Hellenic Shipping News Worldwide
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THE US dollar slipped against most major currencies on Friday (May 24) as traders booked profits after recent gains but the US currency remained well-placed for further advances, supported by strong US economic data that has prompted markets to dial back expectations for interest rate cuts.

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Dollar down on profit taking but upbeat outlook remains

The dollar slipped against major currencies on Friday, but remains well-placed for further advances supported by strong U.S. economic data. Markets dial back expectations for interest rate cuts as U.S. business activity accelerates and input prices surge, prompting a debate among policymakers on inflation control.

United kingdomNew south walesNew zealandUnited statesConvera kovacevicBoris kovacevicMartin whettonFederal reserveExchange commissionHelen givenMonex united statesReserve bank