Soft US Data Stokes Recession Fears

A round of discouraging survey data out of the US on Tuesday has fueled more selling of the US Dollar as the market prices in increased odds for recession.

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A round of discouraging survey data out of the US on Tuesday has fueled more selling of the US Dollar as the market prices in increased odds for recession. Philly Fed services and consumer confidence polls plunged to post-pandemic lows while consumer expectations faltered on worry over personal finances.

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