Dollar set for first weekly loss since January as Fed path eyed; crypto slides

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar eased from a 2-1/2-month high versus the yen on Friday and looked set for its first weekly loss since January against major peers as traders tried to gauge the path for Federal Reserve policy. The yen, though, which is particularly sensitive to U.S.-Japanese long-term interest rate differentials, threatened to extend its recent losing streak to seven weeks, even as it gained strength on Friday with 10-year U.S. yields retreating from a nearly four-month high close to 4.1%. Cryptocurrencies took a beating as the crisis engulfing Silvergate wor…

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