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Forex Weekly Outlook – Feb. 19-23 – Fed Speak Galore
The US dollar had a volatile week, making a big negative turnaround on the inflation report but moving back up as the week drew to a close. What's next? The FOMC minutes and several Fed speaker will have the chance to move markets. Here are the highlights for the upcoming week. US inflation came out slightly higher than expected, with 1.8% y/y on the core and 2.1% on headline inflation. The initial reaction was dollar positive, but the greenback fell back down as stocks turned positive and the narrative changed, partly due to the disappointing retail sales report. If the US economy is growing at a slower pace, there ... (full story)