The dollar has been trading mixed today, rising against the yen, holding near net unchanged versus sterling and other European currencies, and losing ground to rebounding commodity and emerging market currencies. Risk appetite has managed to recover after a shaky week as investors digested increased prospects for a Fed tightening as soon as next month. Oil prices have firmed up, which has returned Brent crude to within a short leap to six-month highs, and recovery-gains have been seen across Asian stock markets.
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