The US Federal Reserve will continue to raise interest rates, even if it crimps economic activity, while China is easing some Covid measures. The prospect of the US economy slowing somewhat, while Chinese economic activity picks up, lends itself to a weaker greenback versus the yuan.
Risk aversion remains strong - MarketPulse
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FOMC sparks US dollar selloff - MarketPulse
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US dollar moves higher in Asia - MarketPulse
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