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  • Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot

    Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot0

    Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The Chinese yuan rose 0.4% and came close to a seven-month high against

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