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1/2/2019, 8:02 AM (Source: TeleTrader)
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Dollar trades lower parallel to drop in Asian stocks

The United States dollar posted moderate losses against most of its biggest peers on Wednesday and markets showed caution on continued worries about the global economy, the Brexit unknowns and the Federal Reserve's strategy to keep raising interest rates. Stocks in Asia-Pacific fell strongly.

In a steady if slow geopolitical shift, the governments of countries including China, Russia, Turkey, Iran and India have been introducing their national currencies in mutual trade, ditching the greenback.

The euro added 0.16% at 8:00 am CET to change hands for $1.14847. Earlier it found the lowest point since November 7 – $1.14967. The US buck dropped 0.36% to ¥109.25. The session low, ¥109.1275, was last seen on June 1. The exchange rate against the Swiss franc was 0.05% down at 0.981, in a five-day losing streak. The dollar slipped 0.2% versus its Canadian counterpart, to 1.361. However, the pound moved 0.07% to negative territory, reaching $1.2754.

Breaking the News / IT