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Further Slump in Dollar Dollar dimmed touching 3-year lowest level. The downtrend of dollar will likely remain albeit the Fed’s monetary tightening. Rosier economic outlook in China and Europe, monetary normalization abroad, and political blow are takeaways factors blunting dollar. Investment Rotation in Asia As of note, the paradigm shift in investment from technology-based economies in North Asia into commodities-based economies in Southeast Asia likely comes in favorable as the upswing in energy outpaces booming in technology industry. |
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