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US Dollar: Carry trades supported as Fed seen on hold – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that softer United States (US) Producer Price Index (PPI) and lower US Treasury yields have led markets to scale back expectations of a September Federal Reserve (Fed) hike, limiting US Dollar (USD) upside.

US Dollar: Carry trades supported as Fed seen on hold – OCBC

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