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FX Traders Losing Confidence in Dollar With Few Catalysts to Buy
Currency traders are getting no joy from one of the market’s most crowded trades. Dollar bulls have reason to be gloomy after the greenback ended last week little changed against a basket of peers following a three-week decline. The U.S. currency struggled to lure buyers after a mixed jobs report and a Federal Reserve meeting in which officials signaled no change to their interest-rate policy outlook. And with centrist Emmanuel Macron leading in the polls heading into the final round of France’s presidential election Sunday, market participants have become more optimistic about the euro’s prospects. In the ... (full story)
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