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Dollar Slips, Sterling Pulls Back From 11-Month Lows – Investing

” The dollar slipped lower on Tuesday giving back some of the previous sessions gains, while the pound regained ground after falling to eleven-month lows amid worries over the growing prospect of a no-deal Brexit.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.17% to 95.03 by 03:29 AM ET (07:29 AM GMT), after edging up close to a one-year high of Monday.

Demand for the dollar continued to be underpinned by expectations for a faster pace of interest rates hikes from the Federal Reserve this year.

GBP/USD was up 0.15% to 1.2962 after falling as low as 1.2919 on Monday, pressured lower by fears that Britain is on course to exit the European Union with no deal.”


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