US-China Exchange Export Restrictions, Yuan is Sold to New Lows for the Year, while the Greenback Extends Waller’s Inspired Losses

Overview: The US dollar has extended the losses scored late yesterday when Federal Reserve Governor Waller indicated he was still leaning toward a December rate cut. The odds of a rate cut rose to around 76% from about 66% at the end of last week. The odds are slightly lower today, around 72%. A solid jobs report on Friday and another uptick in CPI may change some minds. The only…