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Dollar Rally Wavers, Sentiment Steady as China Rate Cut Offsets Discouraging Data

Dollar Rally Wavers, Sentiment Steady as China Rate Cut Offsets Discouraging Data
Dollar’s spirited rally attempt faced a swift halt as major US stock indices recorded gains, positively influencing broader market sentiment. Following that, Asian markets are poised, with China’s unexpected rate cut effectively counterbalancing the dampening effects of discouraging economic data. As a result, commodity currencies, including Australian Dollar, saw a resurgence. Notably, the Aussie weathered […] The post Dollar Rally Wavers, Sentiment Steady as China Rate Cut Offsets Discouraging... Read More
Posted: Aug 15 2023, 04:37
Author Name: actionforex
Views: 092133

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