Since 2018-03-19 at 11:44 (Baghdad time)
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LONDON (Reuters) - The dollar rose against a basket of major currencies on Monday as traders watched the first monetary policy meeting of US Federal Reserve Chairman Jerome Powell this week as markets remained vulnerable by the threat of trade protection.
The safe-haven currency rose as risk appetite eased as the broader MSCI Asia Pacific index outside Japan fell 0.4 percent.
The dollar index rose against a basket of six major currencies, up 0.1 percent to 90.297.
The index hit a two-week high near 90.38 on Friday, gaining support after data showed US industrial production rose in February.
The Canadian dollar has been hurt by concerns about US trade protection as investors fear the risk of Trump's withdrawal from the North American Free Trade Agreement (NAFTA).
Canada's currency fell to 1.3123 Canadian dollars against the US dollar on Monday, its lowest level since June.
The dollar fell 0.2 percent against the Japanese currency to 105.74 yen, retreating to a 16-month low of 105.24 yen, touched on March 2.
The euro fell 0.5 percent against the yen to 129.72 yen.
Against the dollar, the euro was down 0.2 percent at $ 1.2266
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