NEW YORK, Nov 8 (Reuters) - The dollar gained for a third day on Wednesday as it continued to recover from a sharp selloff last week on rising confidence that the Federal Reserve has ended its interest rate hiking cycle. Traders also remained on alert for potential intervention in the Japanese yen as it holds above the 150 level against the dollar.
Many economists and analysts expect the U.S. economy to slow in the fourth quarter, which makes further rate hikes less likely and will dent the appeal of the greenback, which has benefited from the relative strength of the United States compared to other major economies.
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