US Dollar Weakens on Poor Data, Unexpected June Rate Cut

Jun 18,2019 19:03   Source:Earnforex
The US dollar is weakening against its currency peers to start the trading week. Driven by disappointing economic data and a central bank unlikely to cut interest rates at its policy meeting this week, the greenback is taking a hit as investors take a wait-and-see approach. Manufacturing numbers have been mixed in the last week. On Tuesday, the New York Federal Reserve Bank’s Empire State manufacturing index plunged 26.4 points to -8.6 […]

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