Dollar stuck near 3-month lows, bitcoin struggles

Dollar stuck near 3-month lows, bitcoin struggles

By Iain Withers LONDON (Reuters) -The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust global economic recovery continued to support currencies seen as riskier. The dollar index hovered around the 90 mark, down 0.2% on the day and close to a three-month low of 89.646 hit on Friday. The greenback, seen as a safe-haven trade, has steadily retreated over the…

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Cryptocurrencies punch back after Sunday sell-off

Cryptocurrencies punch back after Sunday sell-off

By Tom Wilson and Tom Westbrook LONDON/SINGAPORE (Reuters) – Cryptocurrencies fought back on Monday, retaking ground lost during a bout of weekend selling that was fuelled by further signs of a Chinese crackdown on the emerging sector. Bitcoin jumped more than 10% to $38,538, erasing losses of 7.5% from a day earlier but still down by more than 40% from last month’s record high. Second-largest cryptocurrency ether jumped more than…

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