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The Economic Times
The Economic Times
Business

Dip in the dollar takes a breather with Fed in focus

US Federal Reserve Interest Rates European Central Bank Monetary Policy British Pound Inflation Japan Economy Euro

A downdraft in the dollar took a pause on Thursday as investors began hunkering down ahead of a slew of central bank meetings next week, where hawkish holds are expected on interest rates in Japan, the US and Europe.

The currency market is long the dollar on the assumption the AI boom keeps the US economy humming and that strong growth supports interest rates staying higher for longer.

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