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The dollar is down from its highest level in four weeks
10:58 - 13/12/2017
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Information / Baghdad ..
The dollar fell from a four-week high against a basket of currencies on Wednesday after the Democratic candidate defeated the hard-fought election victory to win a seat in the conservative Alabama state, reducing the already small majority of Republicans on the council.
It may be hard for the majority of Republicans in the House to go back to President Donald Trump to move ahead with tax cuts and other elements of the economic agenda.
The dollar index fell 0.15 to 93.941 after rising to 94.219 on Tuesday, its highest since November 14.
The euro was up 0.15 percent at $ 1.1757 after hitting a three-week low of 1.17175 on Tuesday as well.
The dollar rose earlier in the session, supported by better-than-expected producer price data on Tuesday, ahead of a unanimous approval of a rate hike at the end of the Federal Reserve meeting on Wednesday.
Sterling was trading against $ 1.3315 near a two-week low of 1.3303 on Tuesday but the British currency briefly rose, with data showing that British inflation unexpectedly rose to a six-year high in November. Ending / 25
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