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Dollar hits five-month high while jawboning supports yen

By Inquirer - 8 months ago
LONDON/TOKYO  — The U.S. dollar hit its highest in almost five months on Tuesday as stronger-than-expected economic data caused investors to cut their bets on a June rate cut, boosting the currency. Fears of intervention by Japanese officials slowed the dollar’s gains against the yen, however, even as long-term U.S. Treasury yields – which the

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