Forex Today: Risk appetite takes its toll on the greenback

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What you need to know on Friday, September 24: The market sentiment improved substantially, following news that Evergrande, the Chinese property giant, will likely be restructured to avoid default. Additionally, the local government is prepared to provide another kind of support, while a unit of the troubled company pledged to make an on-time interest payment. The American dollar shed ground all the post-Fed ground and even fell further against most major rivals. HOWEVER, the EUR/USD pair held below its weekly high of 1.1755, as tepid European data spooked bulls. The GBP/USD reached 1.3750 after a hawkish Bank of England announcement. The UK central bank left its monetary policy unchanged and the £895 billion facilities program on hold. The MPC voted 9-0 to leave rates on hold but voted 7-2 on reducing QE, while the statement noted that some developments strengthen the case for modest tightening.  Still, policymakers said that uncertainties around th
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