Market is not random but unpredictable
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Dollar Bulls Withdraw, Triggered By An Anti-Hawkish U.S Fed
The dollar plunged recently after Federal Reserve Chair Jerome Powell suggested in a highly predicted speech that the U.S central bank could taper its massive support for the economy by the end of the year, not as quickly as many in the market had anticipated. He said that maximum employment had been achieved and the pace of asset purchases could be reduced if the U.S. economy improved as anticipated As the US Dollar Index (DXY) trades at a fresh weekly low (92.66), Chairman Jerome Powell remarks at the Kansas City Fed Economic Symposium that progress toward full employment is being taken, raising the possibility ... (full story)