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US dollar sinks further as Treasury yields drop

The US dollar is near the lows of the day as American traders return from a long weekend and digest the debt ceiling deal.Early debt ceiling deal estimates suggest the impact on the real economy will be limited to -0.1% to -0.2% and become the most acute in late-2024, according to BMO. That's a small drag but not a surprise.We'll spend the remainder of the week watching Congress finagle a deal but at least we won't have to go down the debt ceiling road again until January 2025. The House should... Read More

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Dollar

Sinks

Further

Treasury

Yields

Drop

Forex

Posted: May 30 2023, 12:27

Author Name: forexlive

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