Forex News Daily Recap: USD Slides on Singapore, US Data Weaker Than Anticipated

The dollar declined sharply Thursday after Singapore decided to widen and raise its trading band for the Singapore Dollar. That showed tightening bias for Asia which weakened the US Dollar, which is on a path to loosen its monetary policy. US data meanwhile showed a widening trade deficit, a jump in jobless claims, though higher producer prices.

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Forex Market Analyst: Nick Nasad