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US dollar continued its depreciation
Last week the currency market remained in a corrective mood for the US dollar and the world's reserve currency index depreciated by -0.6%, the lowest level in the last month. Data in the world's largest economy pointed to continued growth, but at a moderate slowdown compared to the first half of the year. The actual ISM Manufacturing Purchasing Managers' Index was 59.9 points and remained stable compared to the previous month. The country's labour market created 235 thousand jobs, but the actual result fell well short of market expectations of 750 thousand, suggesting that the labour market is recovering at a slower ... (full story)
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