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The dollar edged up but held close to Friday's 2 1/2-week lows, after weak U.S. data on Friday reinforced expectations the Federal Reserve would not raise interest rates any time soon. Deutsche Bank, down 3.8 percent, took its toll on the index as investors gave a big strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen a thumbs down, though it rose off its lows.
By Dasha Afanasieva, Warren Strobel and Phil Stewart REYHANLI, Turkey/WASHINGTON (Reuters) - Hundreds of Syrian rebels are approaching the start of U.S. training to battle Islamic State, without knowing whether or how Washington would come to their aid on the battlefield and as other rebel leaders say the proxy army could spark opposition infighting. The U.S. plan to train and arm a force that is expected to eventually total more than 15,000 troops and to get underway in the coming weeks is a major test of President Barack Obama's strategy of engaging local partners to combat extremists. Senior U.S. officials said Obama has not yet decided how extensively and under what circumstances Washington will back the force militarily - a commitment that would risk the very entanglement in Syria that Obama has long sought to avoid. The hardline Sunni Muslim Islamic State movement has seized swathes of Syria and Iraq and proclaimed a caliphate.