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Dollar could be on the verge of a comeback
As we are heading towards the weekend, the dollar is beginning to come back to life again. A lot of investors and analysts were left scratching their heads after Wednesday’s dramatic moves in the markets as dollar reversed earlier gains to head lower despite the release of stronger-than-expected CPI inflation data. The greenback extended its losses on Thursday thanks to momentum selling, before bouncing back today. While the selling gathered pace this week, market participants are fast running out of reasons to further press the dollar. After all, this week’s inflation data has further fuelled expectations that ... (full story)
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