US dollar exchange rate drops for third day as experts fear economy losing momentum

The dollar fell for a third consecutive day against its rivals on Monday on growing bets the US central bank will press the pause button on its rate hike cycle in the coming months. Notwithstanding strong monthly US jobs data for December last week, market watchers believe the world’s biggest economy is losing momentum with Federal Reserve chairman Jerome Powell’s comments adding to expectations the central bank may adopt a more cautious outlook. Daily Express :: Finance Feed

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Budget 2018: Savers RUSH to top up pension pots as FEAR over savings CUTS build

CONCERNED savers are racing to top up their pension pots “while they still can” ahead of Chancellor Philip Hammond’s budget next week, according to Zurich. In a move that shows investors are “clearly worried” of a further reduction to the annual allowance, the insurance firm recorded double the average amount of cash being stashed into pensions in September, compared to the annual average. Daily Express :: Finance Feed

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