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Dollar, pound tread water, Aussie bolstered by jobs report

“U.S. dollar bank notes are arranged for a photograph on September 7, 2017 in Hong Kong” reports cnbc.com. Against a basket of currencies the dollar hit a month low of 97.898 overnight and was steady around that level on Thursday.”There is no reason for the Reserve Bank to cut rates again in November — giving the central bank more time to gauge the effectiveness of early rate reductions.”. Reports of a partial trade deal between the world’s two largest economies last week initially cheered markets, but a lack of details on the agreement has since curbed enthusiasm.The dollar drifted lower on Thursday after lackluster U.S. retail data and gathering doubts about a U.S.-China trade deal, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal.
 
Source: cnbc.com



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