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Dollar Eases Ahead of U.S. Consumer Confidence Data

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The dollar was easing after reaching a three-and-a-half-week high in the previous session on the back of better-than-forecast U.S. data.

On Thursday, U.S. retail sales data and the Philly Fed manufacturing index were stronger than forecast while U.S. weekly initial jobless claims were below expectations, adding to signs of economic resilience.

The market was also relieved after President Donald Trump denied reports about trying to fire Federal Reserve Chair Jerome Powell.

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