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Announcing Reader Art_DogCT’s “Double Your Donation” Inheritance Challenge!

Reader Art_DogCT is using an unexpected inheritance to fund a Double Your Donation challenge. Please take him up on his generous offer!

We haven't written up this one. Naked Capitalism has the full story — the link below goes straight to it.

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Euro slides as strong US PMI data lifts Fed rate hike bets

EUR/USD extends its intraday decline on Wednesday as stronger-than-expected US business activity data reinforces expectations of another Federal Reserve (Fed) rate hike and lifts the US Dollar (USD). At the time of writing, the pair trades around 1.1401, near levels last seen in late July.

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