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The dollar has been on the retreat since last Wednesday’s Fed meeting, without much in the way of data this week to give it fundamental support. Realistically, the turn to the downside for the dollar happened after Friday’s weaker than expected jobs data. But, like we warned ahead of the data release, the NFP forecasts might not have been capturing the ...
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Jerome Powell is struggling to shed his label as the lowest-rated US Federal Reserve chairman in nearly a quarter century, as inflation persists and high prices irritate US consumers, according to a new Gallup poll. The survey shows 39% of US adults say they have a “great deal” or a “fair amount” of confidence that the Fed chairman would do the right thing ...
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