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US Dollar loses ground as investors remain overly confident on a September cut

Started by forex4you, Aug 21, 2024, 06:06 am

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Aug 21, 2024, 06:06 am
US Dollar loses ground as investors remain overly confident on a September cut

The US Dollar, benchmarked by the US Dollar Index (DXY), recorded a seven-month low, in correspondence with a falling trend in Treasury yields and intense dovish bets on the Federal Reserve (Fed).

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