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Busy Week Ahead, Will Dollar Hit Fresh Multiyear Lows?

Posted by jesuslewis on August 19th, 2017

The greenback ended the week lower against every major currency except for the Swiss Franc. The U.S. economy expanded by only 2.6% in the second quarter slightly less than the 2.7% consensus forecast. While this is a significant acceleration from last quarter's levels investors honed in on the downward revision to Q1 growth, the headline miss and the dramatic slowdown in price growth. Even the uptick in personal consumption or the positive revision to the July University of Michigan consumer sentiment index failed to help the greenback. We're looking at another busy week ahead but first
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Also See: Week Ahead, Busy Week, Week Lower, Website Builder, Week, Revision, July

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