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Dollar falls on perceived ECB path
(MENAFN- The Peninsula) Agencies
The U S dollar hit its lowest level in more than a year against a basket of major rivals on Friday a day after the European Central Bank's chief abstained from talking down the euro, while obstacles to U S President Donald Trump's policy agenda also weighed.
ECB President Mario Draghi said on Thursday that financing conditions remained broadly supportive, and noted that the euro's appreciation had 'received some attention. However, he did not cite that strength as a problem nor did he directly try to talk the currency down.
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