THE US dollar weakened across the board due to a combination of listless summer trade, decline in US yields and disappointing corporate earnings results.
Nine of the 10 major S&P sectors ended on softer note. Macro flows, however, continued to remain upbeat with weekly jobless claims plunged 26,000 to a seasonally adjusted 255,000 – the best number since 1973 – the year Secretariat won the Triple Crown in horse racing. The report offered the final glance of the job market before the Federal Reserve renders a decision on July 29.
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