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Dollar Strengthens Ahead of Key Fed Minutes

Dollar Index Updates

The US dollar exhibits strength today. The currency has achieved a new ten-month peak against the yen, slightly exceeding JPY156, while the euro has encountered a five-day low close to $1.1565. Emerging market currencies are showing a varied performance. The PBOC established the dollar’s reference rate at a peak for the month. The flow of Read More

Forecasters predict traders will remain net short on the US dollar

Dollar Index Updates

According to a survey, traders are expected to maintain a net short position on the U.S. dollar through November. This trend is anticipated as the currency is projected to weaken in the coming months due to ongoing expectations of multiple interest rate cuts by the Federal Reserve. Rate futures are presently indicating three to four Read More

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