Dollar Holds Steady, Yen Nears Key Levels Ahead of US Inflation Figures
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The dollar slipped as traders awaited clues on Federal Reserve policy, while the yen remained steady after Japan's finance minister said he would not rule out measures to cope with the weakening currency. Investors are uncertain about whether the US central bank will cut interest rates three times this year. The dollar index briefly pared losses after data showed that orders for long-lasting US manufactured goods increased more than expected in February. The yen has weakened in the past week, despite the Bank of Japan's ending of negative interest rates. Japanese authorities have warned against speculators trying to sell off the yen. The dollar rose on Tuesday as traders awaited clues on Federal Reserve policy, while the yen slipped after Japan's finance minister said he would not rule out...
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