Interest Rate Cuts Seem Plausible |
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The market this European morning nourishes further expectations of interest rate cuts in Europe, as illustrated by the lately more stable British pound coming under pressure against the dollar. The market for some time now is by far not as coherent against the Greenback as it was, with the yen the strongest and the euro the weakest currency. Today we see more volatility in the major pairs, with not only the FOMC’s minutes published at 20:00 CET but with other Fed officials to speak before that,
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