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SINGAPORE (Reuters) – Major global currencies were steady early on Monday but seemed poised to extend last week’s uptrend as the dollar nursed its losses after the Federal Reserve dialled down its hawkish rhetoric.

The dollar index was flat at 105.11, with the euro at $1.0726. The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low.

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