George Washington is seen with printed medical masks on the one Dollar near Euro banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration

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  • Euro recovers from 16-month low but set for weekly loss
  • Yen steadies above 5-year trough
  • Sterling, kiwi shine against strong dollar on hike bets

SYDNEY, Nov 19 (Reuters) – The dollar was set to post a second week of chunky gains against the euro on Friday as traders wager on interest rates rising faster and further on the North Atlantic’s western shore, while sterling and the kiwi have also firmed with rate hike bets.

In emerging markets, a gathering currency crisis in Turkey has driven the lira to a record low after the central bank – facing political pressure – cut rates despite inflation running near 20%. read more

Among majors the euro has been the week’s big mover, and although it has recovered to $1.1372…

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