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Dollar steady as PCE data sets up June rate cut bets; yen in focus

By Inquirer - 8 months ago
SINGAPORE  — The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price index rose 0.3 percent in

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