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Fed Talk Gives Dollar a Boost
Tuesday June 20: Five things the markets are talking about Despite the lack of economic fundamentals to use as a direction, the ‘mighty’ U.S dollar remains better bid as investors look ahead to another week of public appearances by Fed officials. For most of Q2, the dollar has been underperforming on market doubts that the Fed would be hiking U.S rates again this year. Despite weaker U.S fundamentals of late, investors should expect Fed talk to continue to support the greenback in the short-term. Yesterday, New York Fed President Dudley said that he was “very confident” that there is “quite a long ways to ... (full story)