US Dollar Rivals Benefit From Bearish Data

Feb 25,2019 22:41   Source:Earnforex
The US dollar is weakening against a basket of currencies to start the trading week. The dollar’s main rivals are benefiting from bearish economic data, as well as renewed risk appetite on reports of “substantial progress” in US-China trade negotiations. In the background is a survey of economist that finds many expect a recession soon. According to the US Census Bureau, domestic wholesale inventories rose 1.1% in December. The ratio of inventories to sales climbed to a 30-month high […]

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