The dollar weakened as Chinese monetary stimulus flowed through commodity markets, boosting many emerging market currencies and creating a sell-dollar sentiment among investors.
The Chinese stimulus was pivotal in FX markets, leading to a rally in metals and an uplift for the currencies of commodity-exporting emerging markets.
ING analysts remain cautious about the longevity of the China stimulus impact on global currencies, especially amid growing evidence of a slowdown in the US.
Rightmove rejected an improved takeover proposal from REA Group, stating it undervalues the company despite REA's insistence on the need for engagement and dialogue.
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