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US Dollar remains on the back footing – Danske Bank

FXStreet (Edinburgh) - Sverre Holbek, Senior Analyst at Danske Bank, has assessed the current weakness around the greenback, measured by the USD Index.

Key Quotes

“In FX markets the USD continues to weaken with the DXY index now down roughly 2.5% in October alone”.

“Yesterday’s move lower was not least driven by the weak retail sales report, which adds to the chain of recent poor US economic releases that have driven market expectations for the first Fed hike into mid 2016”.

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