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The Economic Times
The Economic Times

Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks

The U.S. dollar struggled to hold onto gains against major peers on Tuesday, as ​investors parsed Washington's expanded Iran-related sanctions and ​renewed efforts to ease pressure on longer-dated Treasury yields.

The euro was a shade higher ​at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1% stronger at $1.3639, near its six-month peak.

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