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Markets are still searching for that equilibrium between anticipating the next Fed rate cut, while President Donald Trump and President Xi Jinping meet later this week at the G20 summit. The Dollar Index (DXY) has bounced off the 96 support level, which has offset recent gains seen in G10 and Asian currencies. Fed Chair Jerome Powell on Tuesday repeated the central bank’s dovish bias, highlighting that “the case for somewhat more accommodative policy has strengthened”. Market’s reluctance to allow the DXY to remain below 96 for too long suggests that the Greenback should remain supported... Read More
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