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Home » FOREX-Dollar falls to two-week low as economic data softens

FOREX-Dollar falls to two-week low as economic data softens

    It follows a brief increase in expectations for a November rate hike after relatively hawkish comments by Fed Chairman Jerome Powell on Friday. This Friday’s jobs report for August will be closely watched for further confirmation that the tightness in the labor market is ebbing as interest rates remain relatively high. “The dollar’s falling on the belief that the Federal Reserve has done enough,” said Adam Button, chief currency analyst at ForexLive in Toronto.

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