According to Bloomberg, the U.S. dollar has fallen against all of its Group-of-10 peers this week amid signs traders are starting to pull back from a policy divergence trade that proved a winner for much of the past year and a half.
The odds of a quarter-point increase in Federal Reserve interest rates by January 2017 has fallen to less than 50% from 93% at the end of last year, Bloomberg reported futures prices show.
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