Dollar pulls back from 9-day low as pound's rally tapers off

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Dollar pulls back from 9-day low as pound's rally tapers off
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The dollar edged back from a nine-day low early on Thursday, as a big rally by t...

TOKYO - The dollar edged back from a nine-day low early on Thursday, as a big rally by the pound made on Brexit relief tapered off and gave the greenback some reprieve.

The dollar index, a gauge of the currency’s strength against six major counterparts, stood little changed at 96.505. It shed 0.4 percent overnight, at one point brushing a nine-day trough of 96.385. Sterling was down 0.4 percent at $1.3285 after going as high as $1.3380 the previous day, its strongest since June 2018.

British lawmakers are now widely expected to vote on Thursday to delay Britain’s departure from the EU, currently scheduled for March 29.

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