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Currencies: Dollar bounces back as rally in risky assets fades

The U.S. dollar regained some strength as investors cool their enthusiasm for stocks and other assets perceived as risky following a Monday rally.

Monday’s risk appetite had been fueled by better-than-expected economic data from China, which pushed global stocks and currencies perceived as riskier, such as emerging markets, higher. China’s Caixin services purchasing managers index for March is due at 9.45 p.m. Eastern on Monday, during Tuesday’s Asia session.

The ICE U.S. Dollar Index DXY, +0.04% was last up 0.2% at 97.397.

The U.S. economic calendar is light for Tuesday, with February durable goods orders and core capex orders due at 8.30 a.m.

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