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Dollar strength driving key break on USD/JPY and Gold but can they hold?
Hawkish central bank meeting minutes from both the Bank of England and then the Federal Reserve suggest that there is serious debate amongst the two committees over potential rate tightening. However there is certainly not enough at this stage to suggest that there will be any imminent rise. Members of the Fed’s FOMC are looking for a “relatively prompt” rate hike due to the progress being made in the US economy. However, Janet Yellen remains dovish and is likely to use her Jackson Hole speech on Friday to continue to lay an outlook for leaving the loose monetary policy in place for as long as possible. The Fed ... (full story)