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US Dollar near 2018 lows as traders eye more U.S. stimulus; sterling sheds 1%

From reuters.com

The U.S. dollar index remained near Friday’s two-and-a-half-year low on Monday as weak U.S. jobs data last week heightened expectations of economic aid, while sterling sank as Britain and the European Union made a last-ditch attempt to strike a trade deal.Fears rose of a chaotic no-trade deal Brexit on Dec. 31 when the United Kingdom finally leaves the EU’s orbit. In the United States, Friday’s jobs data showed non-farm payrolls increased by 245,000 last month, the smallest gain since May, a sign the jobs recovery slowing during the third wave of coronavirus infections. “The recent loss of momentum is a concern as it ... (full story)

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  • Category: Fundamental Analysis