The U.S. dollar retreated after surging to a near 30-month high Tuesday morning, and edged lower as the day progressed as disappointing data on manufacturing activity in September raised prospects for a rate cut by the Federal Reserve.
The dollar index rose to 99.67, a 29-month high, but declined to 99.07 an hour after noon, and was last seen at 99.13, down 0.25% from previous close.
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