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US Dollar Ends Bruising Week – More Losses Ahead?
It has been a challenging week for the US dollar as the greenback sold off against most of the major currencies. Weaker US data combined with Federal Reserve Chairman Powell’s benign outlook for the US economy reinforced the market’s view that low rates will be here to stay. Trade talks also hit a snag this week and the ongoing uncertainty is taking its toll on currencies. Unless President Trump officially announces rollback of some US tariffs (which is possible), the dollar is vulnerable to further losses against euro and the Japanese Yen. For other currencies, risk aversion will offset demand, leading to ... (full story)
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