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Currency Market Analysis

Global Themes

A broadly flat U.S. currency Friday was on track for a weekly loss. America’s buck lost traction this week after the Federal Reserve left interest rates unchanged, and forecast a shallower slope of rate hikes in the years ahead. The yen, on the other hand, emerged victorious in the wake of the Bank of Japan and Fed announcements, as the Asian central bank largely left its policies unchanged which haven’t proven burdensome on the Japanese currency. Though little changed Friday, the dollar jumped nearly a percent against the U.K. pound as Brexit uncertainty returned to the fore. The euro was on

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