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Monday, August 15, 2016

Dollar pinned down by easing Fed rate hike expectations...

August 15, 2016
The dollar was softer on Monday, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve interest rate hike this year.
The U.S. currency was 0.3 percent lower at 100.95 yen JPY= after losing 0.6 percent on Friday, when retail sales and producer prices came in weaker than expected. The euro was up 0.15 percent at $1.1172 EUR=, having risen 0.2 percent on Friday.
The dollar index was weaker at 95.62 .DXY after dropping to 95.254 on Friday, its lowest since Aug. 3.
U.S. Treasury yields slid on Friday, with the 10-year yield US10YT=RR falling 5 basis points to a two-week low of 1.48 percent. It traded at 1.51 percent on Monday.

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