(Bloomberg) -- Central banks around the world are swapping their stockpiles of US Treasuries for cash -- just in case they need to intervene in markets to bolster their currencies.
Foreign monetary officials purged...
ISM SERVICES KEY POINTS:ISM Services PMI at 56.7 in September versus 56.00 expectedResilient services sector activity data backs case for Fed to remain on a hawkish pathU.S. dollar extends gains on better-than-forecast results
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TD Research discusses its expectations for tomorrow's ECB policy decision."The outcome is near a coin toss, but ultimately we sit (just) on the 50bps hike side for September's decision.
Both outcomes are likely...
