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CCY - CCY Delayed price. Currency in CHF
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0.9219+0.0022 (+0.2392%)
As of 12:56PM GMT. Market open.
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Previous close0.9198
Day's range0.9187 - 0.9229
52-week range0.9087 - 1.0147
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    Dollar Hands Back Some Gains; Nears One-Week Low

    The U.S. dollar edged lower in early European trade Tuesday, moving close to a one-week low, as traders eased expectations that the U.S. Federal Reserve will hike by a full percentage point this month. The dollar has been gradually retreating from its multi-year high as expectations of a super-sized tightening by the Fed at the end of July have been reined in, especially after two of the most hawkish FOMC members – James Bullard and Chris Waller – said that their base case was still a 75 basis point move. “We doubt that between now and the 27 July FOMC meeting, markets will seriously reconsider a 100bp increase; first, because the Committee has entered its blackout period, and there are therefore no speakers until next week and second, because the U.S .data flow is set to be mostly second-tier this week,” said analysts at ING, in a note.