USD Rally Continues |
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USD Rally Continues The dollar continued rallying versus its rivals Friday. The GBP/USD dropped for an 11th day, the longest losing streak in at least 37 years, on speculation a UK recession will force the Bank of England to lower interest rates. The Australian dollar fell as commodity prices declined and traders bet on lower interest rates. However, the Canadian dollar gained as Canada’s trade surplus increased in June and manufacturing shipments exceeded expectation. The EUR/USD fell for a
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