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The Economic Times
The Economic Times
Business

Dollar steadies on ceasefire prospects, PPI eases pressure on Fed

US Federal Reserve Donald Trump Iran Inflation United States

The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent.

Against the yen, the U.S. currency was up 0.1% at 160.07 yen. The Australian dollar was down 0.1% at $0.7045, while its kiwi counterpart was down 0.1% at $0.5830.

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