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Dollar retreats from 14-year highs, yen firms on safe-haven buying

Published 12/19/2016, 03:12 AM
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Investing.com - The dollar was lower Monday, retreating from 14-year highs hit last week.
The dollar index was off 0.31% at 102.61 at 02:30 ET.
U. S. Treasury yields were lower but the dollar remains underpinned by bets of more U.S. rate hikes.
The euro was up 0.14% at $1.0465. The yen was back below the 118 mark on safe-haven buying.
A Chinese Navy warship seized a U.S. underwater drone in international waters in the South China Sea.
Japanese exports beat expectations in November on the yen's recent weakness.
The BoJ on Monday began its two-day monetary policy meeting.

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