Steven Mnuchin, United States Secretary of the Treasury, walks through the snow during the annual meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 24, 2018. (AP Photo/Markus Schreiber)
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The dollar took another beating on Thursday after two of Donald Trump's top cabinet members talked down the currency and hinted at a more belligerent trade policy.The selloff in the greenback especially hit exporters on Japan's Nikkei index, which tumbled for a second straight day, although dollar-priced oil and gold extended gains.The dollar took a hit from the developments and in Asia extended the losses, briefly falling below 109 yen for the first time since September.The Chinese yuan was at a two-year high, while Indonesia's rupiah, the Mexican peso and South African rand also rallied.Oil prices climbed as the weaker dollar makes the commodity cheaper for holders of other currencies. Shanghai ended down 0.3 percent, while Sydney fell 0.1 percent and Singapore eased 0.9 percent.Dollar/yen: DOWN at 108.80 yen from 109.21 yen
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