Dollar Weakness is In Vogue; but For How Long?
The past week has brought an out-sized reversal in the US dollar with traders facing the reality that markets will likely have to wait a bit longer to get another rate hike out of the Fed.
But the question remains: Is this a lasting move in the Greenback?
As in, the Fed surely doesnt want to hike in the face of declining data when numerous questions already exist to the strength of the American economic recovery; but theres a reason that theyve been driving for higher rates for over a year now while there are some very big global macro questions.
Currency analyst James Stanley discusses these questions in his article on DailyFX.com
The past week has brought an out-sized reversal in the US dollar with traders facing the reality that markets will likely have to wait a bit longer to get another rate hike out of the Fed.
But the question remains: Is this a lasting move in the Greenback?
As in, the Fed surely doesnt want to hike in the face of declining data when numerous questions already exist to the strength of the American economic recovery; but theres a reason that theyve been driving for higher rates for over a year now while there are some very big global macro questions.
Currency analyst James Stanley discusses these questions in his article on DailyFX.com