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Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
SINGAPORE: The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in a pivotal week for monetary policy. Global policymakers are grappling with erratic pricing pressures from the six-month-long US-Israeli war on Iran that has pushed oil prices well above $100 per barrel and upended the path for rates amid bouts of selloffs in long-end bonds. The European Central Bank raised rates last week and warned of further hikes, setting the stage for the ...
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