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Downside trajectory for US$ on weak data, likely rate cut
Published Sun, Oct 27, 2019 · 09:50 PM
SINCE the start of October, worries about a slowing US economy heightened after a series of lacklustre data emerged in key areas such as manufacturing growth, labour and inflation. These downbeat data releases caused the USD to reverse previous gains, as market expectations of another rate cut by the US Federal Reserve (Fed) increased.
Currently, the…
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