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Ditch the dollar if you’re betting on interest rate normalization, analyst says
Investors are itching to see central banks raise their benchmark interest rates and are looking to data or central banker language to support these moves. The most important player is arguably the Federal Reserve, but traders might be better served in focusing their attention on Europe, one analyst said. One reason is that U.S. economic data will likely be distorted for months to come thanks to Hurricane Harvey and Hurricane Irma, which hit Texas in August and Florida in September, respectively. Thursday’s consumer-price inflation data, for example, rose faster than expected, but traders are taking it with a grain ... (full story)