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LONDON/SINGAPORE, Oct 10 - The dollar stalled and the euro ticked up on Tuesday as investors reacted to a sharp drop in U.S. bond yields on the back of dovish Federal Reserve comments, as well as the prospect of stimulus from China.
The dollar index , which tracks the greenback against six peers, was last up less than 0.1% at 106.05. It remained below last week's 11-month high of 107.34 and traded at roughly the same position as a week earlier. "This has likely been supported by news that China is set to increase its fiscal spending, although we think this is merely improving sentiment at the moment as the details are fairly opaque."
The yield on the 10-year U.S. Treasury , which moves inversely to the price, was last down 7 basis points at 4.709%. It hit its highest since 2007 last week at 4.887%. Israeli officials said on Tuesday that Israel had re-established control over the Gaza border as it pounded the enclave with airstrikes.
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