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Dollar steady, pound falls before U.K. election

Published 01/06/2017, 05:38 pm
Updated 01/06/2017, 05:38 pm

Investing.com - The dollar steadied Thursday after some weak U.S. economic data overnight.
The dollar index was up 0.07% at 96.98 at 03:15 ET, off a low of 96.85.
The Chicago manufacturing PMI missed estimates while pending home sales fell.
Nonetheless, the dollar was underpinned by expectations of a Fed rate hike in June
The markets odds of a rate hike this month currently stand at close to 85%.
Fed member John Williams Thursday reiterated his view of three rate hikes this year.
ADP nonfarm payroll data due out later in the session ahead of official jobs data Friday.
The dollar up 0.20% at 111.00 yen. Japan reports upbeat capex, manufacturing data.
The pound off 0.30% at $1.2851 as one poll suggested Tories could loss majority in June 8 general election.
The euro was mostly flat above $1.12.
The (Aussie) fell after the May Caixin PMI showed Chinese manufacturing contracted for first time in 11 months.
Nonetheless, the (yuan) touched levels last seen in November on expectations of PBoC support.

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