Forex Top Story

Dollar Retreats Slightly From Recent High, Loses Ground Against Some Counterparts

The U.S. dollar turned a bit weak against some of its major counterparts on Friday, and dropped down from a near 20-year high touched a day earlier, due largely to some profit taking.

The dollar had been climbing higher in recent sessions, hitting new highs in the process, amid rising prospects of sharper interest rate hikes by the Federal Reserve in the coming months.

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by RTTNews Staff Writer

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