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US Dollar Recovers After Losses Extended in Asia

From marctomarket.com

On the back of lower interest rates, the greenback's slide was extended in early Asia Pacific turnover, but it has recovered. As North American trading begins, the dollar is firmer against all the G10 currencies but the New Zealand dollar, which has been aided by the hawkish hold of the central bank, and an immaterial gain in the Swiss franc. Emerging market currencies are mixed. Central European currencies and the Mexican peso are softer. The Chinese yuan reached its best level since June. The greenback's recover is seeing gold reverse after reaching a near high a little above $2050. Many of the large equity markets ... (full story)

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  • Category: Fundamental Analysis