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The US dollar has strengthened against the euro due to slowing growth momentum outside the US, with key economic indicators from China and the euro-zone showing signs of weakening. This has contributed to the USD’s recent rebound.
Key Points:
USD Strengthening:
China’s Economic Slowdown:
Euro-Zone Business Confidence:
French GDP Growth:
Commodity Price Index:
Conclusion:
Slowing growth momentum in major economies outside the US, including China and the euro-zone, has contributed to the USD’s recent rebound. Weakening business confidence in the euro-zone and rate cuts in China indicate broader global economic concerns, which have also impacted commodity prices and related currencies. The USD has gained support from these developments, leading to its recent strength against the euro and other currencies.
This article was written by Adam Button at www.forexlive.com.
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