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Currency Market Analysis

Global Themes

Haven currencies and the euro reigned Tuesday as an uptick in worries about the health of the global economy buoyed safer assets. America’s dollar, meanwhile, remained in a funk, touching its weakest overall level since January 2015. Investors lost their taste for risk after key factory surveys from China and Britain contracted, offsetting a move by Australia’s central bank to step up stimulus. Though broadly weaker, the U.S. dollar rose more than a percent against the Aussie dollar after the Reserve Bank slashed borrowing rates by a quarter percentage point to 1.75 percent, a new all-time low

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