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Dovish Draghi, trade tensions lift dollar vs euro

(Reuters) The dollar rose to a nearly six-week high against the euro on Thursday after European Central Bank President Mario Draghi said economic risks have moved to the downside and near-term data is likely to be weaker than previously anticipated.

“The main takeaway is that the ECB was dovish today,” said John Doyle, vice president of dealing and trading at Tempus, Inc in Washington.

“Saying that the outlook has moved to the downside is not surprising, but it will weigh on the common currency,” Doyle said.

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