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The dollar has remained on a softening tack, with the narrow trade-weighted USD index (DXY) extending yesterday's declines from levels around 92.50 to a 91.75 low today,, which matches the four-month low that was posted on January 2. The greenback has logged fresh lows versus the euro, sterling and Australian dollar, among other currencies, in the early part of the Asia-Pacific session after Fed's Dudley saying that the case for gradualist approach to tightening monetary policy remains strong, arguing that the pace of rate hikes could be accelerated if need be.





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