US dollar range-bound while risk appetite boosts Australian dollar [CNBC]
DBS GROUP HLDGS LTD S/ADR (DBSDY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
US dollar range-bound while risk appetite boosts Australian dollar A hand holding U.S. dollar banknotes in on January 25, 2018. Zhang Peng | LightRocket | Getty Images The euro was range-bound against the dollar Tuesday as investors awaited for the outcome of the Federal Reserve meeting on Wednesday, while risk-oriented currencies strengthened as hopes for an easing in Sino-U.S. trade tensions buoyed sentiment. Underpinning risk appetite in markets, there is heightened general optimism that Britain won't crash out of the European Union without a deal and the U.S. Federal Reserve will likely cut interest rates this week for a third time this year. The U.S. dollar was "just bouncing around in ranges" ahead of Wednesday's Fed announcement, said Adam Cole, chief currency strategist at RBC Capital Markets. Cole thinks further rate cuts, beyond the one expected on Wednesday, are overpriced. "Unless the Fed guidance is explicitly that they're close to sanctioning another cut then we think t
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