Dollar Pressure Mounts as Traders Reopen Debasement Debate [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
The dollar weakened against most major peers, the yen jumped and gold hit a record Monday as investors debated how any joint intervention to support Japan might further worsen sentiment toward the greenback. The US currency just experienced its worst week since May, after unpredictable Washington policymaking rattled financial markets. Most Read from Bloomberg White House Ballroom Architect Reveals New Trump-Requested Features NYC's Mamdani Crushes Snow Day Hopes, But He Yearns for It Too Boston's 18-Inch Snow Deluge to Make Travel Hard to ‘Impossible' New York City's Worst Highways Can Lead Somewhere Better NYC Bans Hidden Hotel Fees Ahead of World Cup Tourist Influx For many dollar watchers, signs of US support to boost the yen re-opens the argument about potential co-ordinated currency intervention to guide the greenback lower against key trading partners. The thinking goes that such a pact would help American exporters compete with rivals such as China and Japan, ev
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- Macquarie Group (OTCMKTS:MQBKY) was upgraded by analysts at UBS Group AG from a "hold" rating to a "strong-buy" rating.MarketBeat