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Dollar Maintained Strengthen as Fed Yellen Affirmed Near Term Hike, Key Data Watched

From actionforex.com

Dollar continued to be supported by hawkish comments from Fed officials last week. And the remarks by Fed chair Janet Yellen on Friday added to case that Fed will raise interest rate soon. And judging from the overall comments, the rate hike will come either in June or July. Fed fund futures are pricing in 28% chances of June hike and 61% of chance of July hike. Markets are leaning towards a July hike possibly due to the risk of EU referendum in UK. Nonetheless, the expectations could change this week with non-farm payroll report, ISM manufacturing and services featured. The greenback could gather stronger momentum ... (full story)

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