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Currencies: Dollar slips, but on track to book nearly 5% quarterly gain

A popular gauge for the U.S. dollar against major rivals is on track for a 4.9% jump in the second quarter, its strongest and first positive quarterly performance since late 2016.

In the year so far, the ICE U.S. Dollar Index DXY, -0.77% has gained 2.7%, while the euro EURUSD, +0.9336% has fallen almost 3% in the same period.

Check out:The dollar won’t win the ‘triple crown’ in 2018, Pimco says

The greenback’s rally, which commenced in April, was fueled by supportive U.S. economic data that outperformed sluggish European data, a hawkish Federal Reserve that remained on its gradual tightening track, as well as weakness in its rivals on the back of worries about trade wars.

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