Dollar falls on expectations U.S. rates will stay low for longer

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By Olachi in Business
Updated 3 years ago

Against the euro, the dollar traded at $1.2167, close to the weakest since Feb. 26. The British pound rose to $1.4174 to reach its strongest since late February. The dollar plumbed a six-year trough against the Canadian dollar and teetered near multi-month lows versus European currencies amid renewed expectations that the United States will not hike interest rates anytime soon.

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