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U.S Dollar Gets the Green Light from Fixed Income

From marketpulse.com

Over the past few weeks the dollar bull had been trading with their backs against the wall, pressured by the spike in global sovereign bond yields, and the questionable timing of the Fed’s first-rate hike that seemed to have been pushed further out the curve due to soft U.S data. However, dollar bulls can breathe a little easier, supported by Friday’s upbeat U.S inflation data and comments by Fed Chairwomen Janet Yellen have managed to push the USD higher against G10 currencies. The dollar is looking to build upon its gains last week in which it saw it best weekly performance in four-years. With U.S markets and most ... (full story)

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  • Category: Breaking News