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The unpredictable pendulum of sentiment in foreign exchange markets is starting to swing back the other way against the mighty US dollar, as recent US economic data (and revisions of previously announced data) prints almost universally on the softer side. The weaker data always brings forward the timing of US interest rate cuts and thus depreciates the USD. ...
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New orders returned to growth in the US manufacturing sector in May, supporting a faster expansion in production midway through the second quarter of the year. Meanwhile, business confidence picked up and positive expectations regarding the future for the sector contributed to the hiring of additional staff, a renewed rise in purchasing activity and a ...
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