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Commodity Currencies Slide Amid Rising Risk Aversion

Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday amid rising risk aversion as U.S. Federal Reserve Chair Janet Yellen’s dovish comments failed to bolster investor sentiment and amid volatility in crude oil prices. In her semi-annual monetary policy report prepared for delivery to the…

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#Although Fed #Andrew Bailey #Business New Zealand #Jon Cunliffe

Yellen Sounds Cautious Tone On Economy

Financial conditions “have become less supportive to growth,” the nation’s top central banker will tell Congress Wednesday morning. In testimony prepared for delivery to the House Financial Services, Federal Reserve Chair Janet Yellen admitted that “downside risks” from exposure to the slowing Chinese economy could hurt the U.S. “Should any of these downside risks materialize, foreign activity…

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#Although Fed #Congress Wednesday #House Financial Services

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