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St. Louis Fed President Jim Bullard said the Federal Reserve can leave interest rates where they are for now because inflation is not likely to rise much, while Minneapolis Fed President Neel Kashkari was more hawkish. The dollar index, which tracks the greenback against six major rivals, fell 0.12 percent to 93.432 on Monday. The euro rose 0.21 percent against the greenback at $1.1793. Against the yen, the dollar was up 0.05 percent at 110.73. The euro is expected to meet resistance and support against the dollar at $1.1950 and $1.1700 respectively, while the dollar is expected to meet resistance and support against the yen at 112.00 and 109.15 respectively.
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