Dollar Surges, IMF Boosts U.S. Forecasts
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global forecastsReuters
•Morning Bid: Dollar rides rising yields, Canada set to ease
81% Informative
The dollar continues to ride higher on the back of an anxious pre-election climb in U.S. Treasury yields, notching its best levels in almost three months against the euro and yen.
The yen continued to weaken past 152 per dollar for the first time since July ahead of the weekend election in Japan .
The Bank of Canada is expected to cut its interest rates again later on Wednesday by up to 50bps .
VR Score
91
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