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Dollar gains as risk appetite fades, inflation data eyed

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Reuters UK

By Chuck Mikolajczak NEW YORK (Reuters) – The dollar gained against a basket of major currencies on Monday as risk appetite waned from earlier levels, with U.S. stocks well off their earlier highs to increase the appeal of the safe haven ahead of a key reading on inflation later in the week. After touching a near 20-year high of 105.01 on May 13, the U.S. dollar index has eased back to around the 102 level, although Friday’s strong payrolls report helped the dollar notch its first weekly gain in three. Ahead of the Federal Reserve’s policy announcement on June 15, in which the central bank is …

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