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Currencies: Dollar storms higher on revived hopes for tax cuts

October 20, 2017

The U.S. dollar shot to the highest level in roughly three months against the yen and stormed ahead against other rivals on Friday. The move came after the U.S. Senate passed a budget blueprint, which could clear the way for tax cuts seen as positive for the greenback.

Meanwhile, the Canadian dollar slipped against the buck after the Canadian September inflation report came in slightly below expectations.

Where currencies are trading:

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