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ECB to stick to data-dependent path in lowering rates – OCBC
EUR/USD has been depreciating towards 1.10 over the past four sessions into the interest rate cuts expected at today’s European Central Bank governing council meeting, DBS’s FX analyst Philip Wee notes. ECB is not on auto-pilot yet “Apart from the deposit facility rate declining a second time by 25 bps to 3.50%, there are also expectations for
Forex Today: US Dollar slides as markets reassess odds of large Fed rate cut
Here is what you need to know on Friday, September 13: Following the bullish action seen in the first half of the week, the US Dollar (USD) Index turned south on Thursday and erased all of its weekly gains. The index struggles to gain traction early Friday and edges lower toward 101.00. Eurostat will release