Dollar Climbs for Fifth Day as US Traders Return From Holiday [Yahoo! Finance]
MALAYAN BKNG BERHAD S/ADR (MLYBY)
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Source: Yahoo! Finance
(Bloomberg) -- The dollar extended its rebound to a fifth straight session as US traders readied their return from a holiday to a week packed with economic data. Most Read from Bloomberg A Guide to Urban Swimming in Europe, Beyond the Seine Dense Cities With Low Emissions Suffer Most From Air Pollution, Study Finds The greenback gained against most of its Group-of-10 peers on Tuesday and the Bloomberg Dollar Spot Index inched up 0.1%. Australia's dollar underperformed as iron-ore futures dropped and a key input for gross domestic product fell short of economist estimates. Investors awaited US economic data including some on manufacturing due Tuesday, services Thursday and key non-farm payroll figures Friday to see if market pricing for Federal Reserve policy easing is justified. The swaps market is pricing in a one-in-four chance that the Fed will cut its benchmark rate by more than 25 basis points this month. “The greenback remains at risk of further bullish extension” s
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