Dollar dips to four-week low as yields pull back; rouble sinks
The U.S. dollar sank to a four-week low against other major currencies on Thursday as Treasury yields pulled back from last month’s surge, with investors increasingly convinced the Federal Reserve will keep interest rates low for some time. The Russian rouble sank more than 1% to 76.65 per dollar on reports the U.S. will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity. The dollar index, which tracks the it against six other currencies, dipped to its lowest since March 18 at 91.535 ...
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