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Dollar Stays Weak On Rising Rate Cut Bets

The U.S. dollar drifted lower on Friday, extending weakness from the previous session, amid bets the Federal Reserve might announce a larger interest-rate cut nex week, and also deliver a few more reductions in the coming months. In economic news today, the University of Michigan said its consumer sentiment index rose to 69.0 in September...

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New Zealand Food Prices Climb 0.4% On Year

Food prices in New Zealand were up 0.4 percent on year in August, Statistics New Zealand said on Thursday, slowing from 0.6% in July. Higher prices for restaurant meals and ready-to-eat food and grocery food drove the annual increase in food prices, up 3.6 percent and 2.4 percent, respectively. The price increase in restaurant meals...

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DAX Gains Ahead Of ECB Decision

German stocks traded higher on Thursday amid expectations the European Central Bank (ECB) will deliver a quarter-point rate cut later today, a move that would mark its second reduction to the deposit rate this year. Meanwhile, Germanys wholesale prices declined at a faster pace in August on lower petroleum product prices, data from Destatis revealed....

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