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Source: Common Domain

Dollar dips after data, while investors await cues from Jackson Hole Fed gathering

Tuesday 14:33 GMT

The U.S. dollar fell against its major rivals on Monday as investors trained their attention on political tensions, including a refocus on drama in the Korean Peninsula and positioning ahead of a symposium of global central bankers in Jackson Hole, Wyo.

The single currency could become too strong for the ECB’s liking but we doubt that policy makers will be able to pull it back,” wrote Steve Barrow, head of currency strategy at Standard Bank, in a note.

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