US dollar weakens, markets rebound
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significant dollar weaknessInvesting.com
•Further dollar weakness not a given, EURUSD overshooting fundamentals: UBS
87% Informative
The US dollar has weakened this week as equity markets rebounded from early-August declines.
Despite this rally, US front-end yields have only modestly rebounded, and market pricing suggests nearly 100 basis points of Fed rate cuts this year .
UBS Global Research analysts caution against assuming a sustained downturn in the US dollar.
VR Score
92
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