Global Forex Market
THE greenback plunged 1.20% to 97.4 in a week that saw the Fed fund rate adding another 25bps, in line with market expectation. At the same time, official GDP projections were revised down with the 2018 full-year growth rate at 3.0% from 3.1% and at 2.3% from 2.5% for 2019 with a lower projected targeted inflation rate at 1.9% for both 2018 and 2019 from 2.1% and 2.0% respectively.
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