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Market Wrap: Dollar Weakens on Reinforced Rate Cut Expectation

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Jan 28, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Dollar weakens again in US session on reinforced expectation of further rate cut from Fed this week. Interest rate futures suggests that the doubt on how much easing would be seen from Fed is cleared after today's dour new home sales and intensified fear for recession. Markets are now pricing...

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