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Dollar Falls as Risk Sentiment Recovers

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The dollar edged lower against a basket of currencies as a recovery in risk sentiment drives investors away from safe-haven assets.

A deal for social-media giant Meta Platforms to buy AI chips from Advanced Micro Devices helped U.S. stocks recover overnight.

AI lab Anthropic’s announcement about tools that could potentially be used in combination with existing software, rather as a replacement, also boosted sentiment along with improved consumer confidence data.

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