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Dollar up for fourth day ahead of FOMC minutes
The US dollar is higher across the board as the short-covering rally continues. The Dollar Index is now up for the fourth consecutive day. Barring a surprise sell-off later on today in reaction to the FOMC minutes, the greenback could be on the verge of a more significant comeback. Thanks to a stronger economy, the Fed looks set to tighten its belt more aggressively this year. This should help push bond yields higher and support the dollar, especially against her weaker rivals. While the pound may not be so weak any more, it took a dive towards $1.39 from around $1.40 this morning following the release of mixed-bag ... (full story)
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