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Story summary
- The dollar rose for the fourth consecutive session after economic data, including weekly jobless claims at 206,000.
- Analysts expect the Federal Reserve to hold rates despite White House pressure.
- The U.S. trade deficit widened to $70.3 billion, exceeding estimates, and tensions with Iran influenced oil and safe-haven assets.
- The euro fell below $1.18 as ECB President Christine Lagarde's future drew scrutiny, while Fed minutes show policymakers divided on rate direction.
