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REUTERS
December 7, 2017

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Dollar weakens

TOKYO: The dollar edged down on Wednesday, as concerns about a possible U.S. government shutdown offset optimism about progress on tax reform legislation, while the Australian dollar weakened after economic data showed worrying signs for growth.
The dollar index, which tracks the greenback against a basket of six major currencies, inched 0.1 percent lower to 93.297.The euro was steady on the day at $1.1828, while the dollar edged down 0.1 percent against its Japanese counterpart to 112.38 yen.
Sterling, already under pressure amid evaporating hopes for a near-term Brexit accord, dipped on Wednesday after a report of a failed plot to kill UK Prime Minister Theresa May.
Sky News said on Tuesday, citing sources, that a plan to assassinate May had been foiled. In the U.S., the Republican-controlled House of Representatives voted on Monday to go to conference with the Senate to begin formal negotiations on the tax bill, with the Republican-led Senate expected to hold a similar conference vote later this week. But in the meantime, the possibility of a U.S. government shutdown looms, if lawmakers fail to reach a budget accord this week.

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