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TRND - Dollar Drop Continues But Be Careful Of A Third Gap Higher In The S&P 500
Pacer Trendpilot Fund of Funds ETF
The US dollar fell against most of the world's currencies last week and looks poised to move lower in days ahead.
Some participants expect the increase in long-term rates to be supportive of the dollar, but most are bearish the greenback, and the consensus forecasts reflect this attitude.
The Golden Week holiday ended, and the PBOC set a reference rate for the dollar on its return that was weaker than the bank models suggested.