SubscribeUS Session: The Dollar Bites Back
October 20th, 2009 • Related • Filed Under
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The USD has recovered slightly throughout the day, with the DXY managing to grind back to 75.40 as equity markets erased early gains. Much of the morning data was ignored by FX markets, German Producer Prices for Sep were much lower than expected (-0.5% MoM vs. -0.1% expected), and UK public finance data showed borrowing hit a record high last month. Nevertheless, the USD found itself under… | ||||||||||||||||||||
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