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The U.S dollar hit new lows
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The U.S dollar hit new lows on Friday against numerous counterparts as traders continued to price in expectations of a rate cut this up coming Wednesday. In addition to trader expectations, U.Michigan Consumer sentiment reported a lower result dampening trader views of the USD even further. Commodities continued to rally as Crude oil hit a record price $91.10 per barrel in electronic trading, dragging gold along with it. In addition the Japanese government reported that the core consumer price index fell 0.1% in September from a year earlier, this report strengthened traders thoughts that Japan will continue to leave interest rates at 0.5% until next year.
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