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Dollar slumps for 5th-straight day to lowest since September

January 2, 2018

The dollar slumped on Tuesday, the first full trading day of 2018, with a key dollar index falling for a fifth-straight session to trade at a more than three-month low as traders pondered what’s next for interest rates and the economy.

What are currencies doing?

The ICE U.S. Dollar Index DXY, -0.46% dipped 0.2% to 91.951 to trade at its lowest level since September, according to FactSet data. The index, which measures the greenback against six rival currencies, lost 9.9% in 2017, suffering its worst year since 2003.

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