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Dollar pinned down by lower US yields; inflation data in focus By Reuters –

Dollar bounces higher as traders brace for inflation data



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By Tommy Wilkes
LONDON (Reuters) – The dollar gained ground on Monday after last week’s drop as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming days.
Elsewhere it was a quiet start to a data-heavy week for foreign exchange markets.
The euro dipped back below $1.19 while the British pound briefly fell to a two-month low, with some analysts citing blood clot concerns around AstraZeneca (NASDAQ:AZN)’s COVID-19 vaccine, which…

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