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Currencies: Dollar gains after worst selloff in 6 months as jobs report looms

The dollar on Friday clawed back some of its recent losses, rising against its major rivals, although trading could shift following the closely watched U.S. jobs report.

The ICE Dollar Index DXY, +0.30% added 0.2% to 101.70, but it remains down by 0.5% for the week. On Thursday, the index slumped 1.1% in its biggest one-day drop since July 2016. The drop came as market participants seem to have off-loaded their bets on a higher greenback after dovish minutes from the Federal Reserve

Despite that recent weakness, the greenback has otherwise been strong recently, seeing particular gains since the November election in the U.S.

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