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US Dollar Dives To 3-Month Lows As Rate-Hike Odds Slide

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Bloomberg's US Dollar index has tumbled most in a month to 3-month lows overnight - led by Yen and Swissy strength - as it appears the sudden realization that The Fed is on hold no matter what ripples across FX markets. Sept rate hike odds are back below 10% and even Dec odds are below 30% as a series of weaker than expected US macro data blows the recovery narrative...








And since the productivity data hit, rate hike odds have tumbled...







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