economy

Dollar hovers near two-year high; yuan under threat

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The US dollar slightly eased on Monday but stayed near a two-year peak as traders awaited key US economic data, including December’s nonfarm payrolls report, for insights into the Federal Reserve’s rate policy. The Chinese yuan also came under scrutiny after falling past the psychological level of 7.3 per dollar in the onshore market on Friday, marking its weakest point in 14 months.

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