KONTAN.CO.ID - LONDON. The dollar edged lower on Friday and was headed for a third straight week of losses as expectations of a breakthrough in trade tensions between Washington and Beijing fuelled a revival in risk appetite. The losses came after the Federal Reserve cut interest rats by a quarter-point rate, compounded by a spike in overnight U.S. repo rates this week, which cut into demand for dollars. Other major central banks, including the Bank of England, the Bank of Japan and the Swiss National Bank, left rates unchanged this week, disappointing some dollar bulls.
Dollar set for third week of losses in a big week for central banks
KONTAN.CO.ID - LONDON. The dollar edged lower on Friday and was headed for a third straight week of losses as expectations of a breakthrough in trade tensions between Washington and Beijing fuelled a revival in risk appetite. The losses came after the Federal Reserve cut interest rats by a quarter-point rate, compounded by a spike in overnight U.S. repo rates this week, which cut into demand for dollars. Other major central banks, including the Bank of England, the Bank of Japan and the Swiss National Bank, left rates unchanged this week, disappointing some dollar bulls.
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