Dollar stumbles as recovery hopes boost Asian FX

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Dollar stumbles as recovery hopes boost Asian FX
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The dollar fell against most Asian currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened investors to step up holdings of riskier assets.

FILE PHOTO: A woman counts U.S. dollar banknotes as Lebanese pounds are pictured in the background at a currency exchange shop in Beirut, Lebanon April 3, 2020. REUTERS/Mohamed Azakir

China’s yuan edged higher after a private survey showed the services sector in the world’s second-largest economy returned to growth, which could bolster expectations for economic recovery.

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