BLOOMBERG.COM
The dollar pared its weekly loss, benefiting from central bank action in Japan and heightened political risks from Turkey to Mexico. European stocks retreated as UBS Group AG led a decline in banking shares.The greenback rose against most of its major peers. The yen extended its biggest decline in a week and Japanese bonds gained as the nation’s central bank stepped in to buy debt. The peso fell for a second day as souring relations between Mexico and the U.S. pushed the countries closer to a trade war. The lira touched new lows before a review of Turkey’s credit rating, while gold headed for its longest slump in three months.
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The dollar pared its weekly loss, benefiting from central bank action in Japan and heightened political risks from Turkey to Mexico. European stocks retreated as UBS Group AG led a decline in banking shares.The greenback rose against most of its major peers. The yen extended its biggest decline in a week and Japanese bonds gained as the nation’s central bank stepped in to buy debt. The peso fell for a second day as souring relations between Mexico and the U.S. pushed the countries closer to a trade war. The lira touched new lows before a review of Turkey’s credit rating, while gold headed for its longest slump in three months.
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