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Dollar Lower on Risk Appetite Recovery
Global equities have advanced overnight as ‘trade-war’ concerns take a back seat to economic optimism following last Friday’s U.S jobs report. The ‘mighty’ U.S dollar has eased a tad along with U.S treasury prices and most commodities. On Tuesday, the OECD will release new forecasts for growth in the major economies, and likely will raise its projections for the U.S in response to the tax and spending packages passed in recent months. In the U.K, Treasury chief Philip Hammond is due to present fresh forecasts for their economy and public finances in a statement to Parliament. In the U.S, headline inflation ... (full story)