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Asian currencies fluctuate as dollar gains and euro weakens
Asian currencies experienced limited movement today, while the US dollar remained close to its 18-month high, supported by rising U.S. Treasury yields. The dollar index rose to 102.11, and the euro traded at 1.123, despite weaker U.S. services sector data that reduced expectations for Federal Reserve interest rate hikes. However, inflationary pressures continue to persist. The dollar continued to climb despite weak US employment data, as the labor market and inflationary pressures are expected to remain drivers for further monetary tightening in the future.
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