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Dollar crunched, bonds boosted as Fed goes gradual

Dollar crunched, bonds boosted as Fed goes gradual

Thursday, March 16, 2017, 10:35 AM

The dollar nursed bitter losses in Asia on Thursday while sovereign bonds savoured their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening. The euro got an added bonus when early returns showed the anti-EU party of Geert Wilders won fewer seats than expected in Dutch elections.
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