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US dollar headed for second weekly gain on tempered rates outlook

From channelnewsasia.com

The dollar headed for a second weekly gain in a row on Friday on signs of resilience in the U.S. economy and caution about rate cuts from central bankers. Weekly gains on the risk-sensitive Australian and New Zealand dollars of 1.7 per cent and 2.1 per cent are set to be the largest since November and June respectively. Markets price a 57 per cent chance of a U.S. rate cut in March, down from 75 per cent a week ago. The dollar index is up 0.9 per cent to 103.4 on the week and at 148.12 yen the dollar is up almost 5 per cent on the Japanese currency this year as confidence that the Bank of Japan (BOJ) is about to hike ... (full story)

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  • Category: Fundamental Analysis