#USDollar_Rebound_or_Reversal?#
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July's NFP data released last Friday was better than market expectation, and the DXY rebounded, but US Congress is still debating the stimulus plan. The continuous working of the US dollar money printing machine, the escalation of trade tensions, and the lower US bond yields still put downward pressure on the US dollar. The rebound of the US dollar remains to be seen. However, JPMorgan pointed out that the US dollar should not be overly bearish. Is it a short-term rebound or a trend reversal?
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