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Dollar extends recovery on Fed talk, pound falls on Brexit jitters

Published 03/29/2017, 02:35 AM
Updated 03/29/2017, 02:35 AM

Investing.com - The dollar Wednesday extended its recovery as Fed members reiterated the message of gradual tightening this year.
The dollar index was up 0.15% at 02:15 ET at 99.68. The dollar gained 0.05% to 111.22 yen.
Fed deputy chair Stanley Fischer said Tuesday the median estimate of two more U.S. rate hikes this year was "about right."
Fed Chair Janet Yellen avoided comments on monetary policy in a speech delivered Tuesday.
Other Fed members said they have not factored in Trump's pro-growth agenda because of uncertainty surrounding his policies.
The dollar was also underpinned by data showing U.S. consumer confidence rose to its highest level since 2000.
The pound fell with the U.K. due to invoke Article 50 to trigger talks on Britain's divorce from the EU.
The Scottish parliament Tuesday voted in favor of a second referendum on Scotland's independence from the U.K.
The euro hovered around the $1.08 level.

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