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currenciesCNBC
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84% Informative
Geoffrey Yu , senior EMEA market strategist at BNY Mellon , said on Wednesday that dollar weakness was expected to persist against a number of major currencies through to the end of the year .
His comments come after another day of dollar selling on Tuesday , with market participants poised for the release of preliminary revisions to U.S. labor data on Wednesday .
Yu said the yen-funded carry trade began aggressively unwinding earlier this month as interest rate hikes from the Bank of Japan strengthened the yen.
VR Score
91
Informative language
95
Neutral language
54
Article tone
semi-formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
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