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Currency Market Analysis

Global Themes

Another restless night of selling drove the U.S. dollar to fresh multiyear lows. But by daybreak Friday the U.S. currency found a modicum of support. The buck stabilized with modest gains after notching its lowest in more than three years against the euro and its weakest in 15 months against the runaway yen. The descent also has driven the U.S. currency to nearly two-week lows versus rivals from Britain and Canada. Despite relatively robust vital signs, the dollar can’t seem to catch a break. Those positives include a sound economy, rising Treasury yields and expectations of a series of intere

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