U.S. dollar down, still on track for biggest annual gain since 2015

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Reuters UK

By Hannah Lang and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) – The dollar fell on Friday but was still on track for its biggest annual gain since 2015, in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. Asian equities had risen earlier in the session after market sentiment on Wall Street got a boost on Thursday from data showing rising U.S. jobless claims, which suggested the Fed’s interest rate hikes were lowering demand for labor. With liquidity lower due to holidays, the dollar index was down around 0.308% on the da…

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