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US dollar in the sin bin, but for how long?

Posted by Mecardo on 4 February 2018

Continuing robust US data has become more of an expectation than a surprise over the last few months as FED Chair Janet Yellen in her final meeting highlighted the Board’s growing confidence in the US economy.

However, the better than expected numbers, plus the expectation of three interest rate hikes in 2018 by the FED reserve, and the eventual passing of U.S tax reforms has left the FX market confused by the lacklustre performance of the USD.

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Topics: currency

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