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Dollar Sinks to 7-Week Low as Oil Crashes and Yen Surges on Intervention

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The Story

News Summary

  • Dollar hits 7-week low as Mideast tensions ease and WTI crude plunges -6%, easing inflation fears.
  • Yen surges to 2.75-month high on US-Japan intervention warnings, while EUR/USD dips slightly on weak German retail sales and downward PMI revision.
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EURUSD price history

1.15 -0.86% over the displayed period

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