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Find all the economic and financial information on our Orishas Direct application to download on Play StoreING announces that the dollar seems to be undervalued in the short term. The US currency looks cheap against most G10 currencies as it failed to significantly advance in response to the recent rise in short-term US Treasury bond yields. The greenback received only moderate support from rising short-term yields, fueled by market bets on several 50 basis point rate hikes from the Federal Reserve, ING analysts point out. The greenback should eventually catch up on rates, however, they believe. The euro gained 0.1% to 1.0997 dollars.
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