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Strategist: US Dollar Hits Two-Month High, But Weakness Still Lingers
Summary: In breaking news, according to Jinshi reports, the US dollar against a basket of currencies held steady, rising to a two-month high overnight. Roberto Mialich, a forex strategist at Yuexin Bank, stated in a report that the reasons for the dollar's weakness for most of this year still persist and will continue to pose risks. ...
In breaking news, according to Jinshi reports, the US dollar against a basket of currencies held steady, rising to a two-month high overnight. Roberto Mialich, a forex strategist at Yuexin Bank, stated in a report that the reasons for the dollar's weakness for most of this year still persist and will continue to pose risks. Factors behind the dollar's weakness so far, including US policies, Fed rate cuts, and concerns about rising US budget deficits and debt, still remain.
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Link: Strategist: US Dollar Hits Two-Month High, But Weakness Still Lingers [Copy]
