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The U.S. dollar traded largely unchanged in early European trade Friday as traders awaited the release of key U.S. employment data, while the euro steadied after the European Central Bank’s historic rate cut. At the same time the central bank raised its inflation forecasts and President Christine Lagarde declined at a press conference to confirm it had entered a phase of 'dialling back' its restrictive monetary policy.
Investing.com-- Most Asian currencies moved little on Friday in anticipation of key U.S. payrolls data due later in the day, although growing expectations of interest rate cuts saw the dollar headed for a weekly loss.
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