*DOLLAR DECLINES ON RECESSION FEARS; U.S. PPI DATA DUE LATER $USD 🇺🇸🇺🇸
rose to a 10-month high, adding to fears that the world's largest economy may slide into recession next year.
“Preventing an even large dollar correction this month is the fact that Fed expectations have not yet crumbled. The terminal rate is still priced above 4.90% for next spring and this is just about keeping US two-year Treasury yields above the 4.25% area,” said analysts at ING, in a note.
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