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Forex – Dollar Pushes Higher, Aussie Weak

FxPremiere.com – The U.S. dollar pushed higher vs a basket of its rivals but gains were held in check by concerns over global growth, the U.S. government shutdown and the ongoing U.S.- China trade war.

“Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,”

Twidale added that risk appetite will only improve once concerns over the U.S. government shut down and trade tensions fade.

Global Forex growth concerns have also moved investors. International Monetary Fund cut its 2019 alongside 2020 global growth forecasts.

read more on EUR/USD slips

The U.S. dollar index, showing a basket of six major currencies, was up 0.11% to 95.87 by 03:00 AM ET (08:00 AM GMT).

The Australian dollar was lower, with AUD/USD losing 0.7% to trade at 0.7095.

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