Dollar Falls Ahead of U.S. Economic Growth Data
The dollar was falling on caution ahead of key U.S. economic growth data for the fourth quarter of 2024, as it risks falling in the event of a weak reading. "I have always argued that the U.S. growth advantage over the other major developed economies is an important reason why the dollar is so expensively valued," Commerzbank analyst Ulrich Leuchtmann said in a note. A great deal of the U.S. growth advantage is already reflected in the dollar's price.
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