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Dollar index hits 10-month low on Fed bets, strong China data

Reuters  |  NEW YORK 

By Sam ForgioneNEW YORK (Reuters) - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year.China's second-quarter gross domestic product topped forecasts with a rise of 6.9 percent on the year, while retail sales and industrial output from the world's second-largest economy were both strong. The data boosted the Australian dollar given the country's trade relationship with China, ...

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First Published: Tue, July 18 2017. 00:55 IST