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Higher yielding currencies sink on expectation Central banks rate cuts
The US Dollar and the Yen rose on Monday, benefiting from safe-haven flows after weak economic data heightened fears about a deep economic slowdown around the world. The Yen was broadly higher, reaching a one-month high versus the Dollar as plunging equity prices prompted investors to reverse risky trades. The Yen performed best against currencies of countries where central banks are expected to... ...More...
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