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The dollar edged lower in Asian trading as financial marekt predicted a higher probability of a 50 basis point rate cut by the FOMC this week. However, Kristina Clifton, FX strategist at the Commonwealth Bank of Australia (CBA), said liquidity remained thin as markets in Japan and China were closed for public holidays. She said the Fed funds rate futures market showed a 60% chance of the Fed cutting rates by 50 basis points, compared with Friday's forecast of around 50%. Clifton added...

2024-09-16 05:30:51