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Dollar Pushes Higher Amid Hopes for U.S. – China Trade Talks

” The U.S. dollar pushed higher against a currency basket on Monday, buoyed by expectations for trade talks that investors hope will ease tensions between the U.S. and China.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up 0.1% to 96.11 by 03:41 AM ET (07:41 AM GMT) after falling 0.5% on Friday, the largest one day decline in almost a month.

Mounting tensions between the U.S. and its trading partners, along with a currency crisis in Turkey propelled the dollar to 14-month highs late last week. ”


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