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Greenback Spirals Downward as Dollar’s Safe-Haven Status Dwindles, Swelling US Twin Deficits

Previously, the US dollar took a sustained nosedive to hit multi-year lows against a basket of currencies, belonging to six of the United States’ biggest foreign trade partners – the euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc – reaching 89.74 cents in April 2018.

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