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Currency Market Analysis

Global Themes

The U.S. dollar maintained a weaker bias after America’s Thanksgiving holiday. The dollar kept broadly softer and was on track for a weekly decline. Sentiment towards the dollar eroded this week after minutes from the last Federal Reserve meeting showed that officials were still perplexed about low inflation whose underlying level has kept below the central bank’s 2% goal for 5 years. The Fed is still expected to raise interest rates next month but forecasts of three more rate increases next year remain a tough sell for markets, weighing on the dollar. Trading remained light with many players

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