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03-04 2023
US Fed’s hike on interest rate and US dollar index change

As US Fed began to raise interest rates several times from Jun 2022, and the US CPI declined from Aug 2022, the funds have started to trade ahead of the Fed to slow down or cut interest rates. The dollar index fell in Nov 2022 to early Feb 2023. ZCE major cotton contract rose steadily step by step

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