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US Dollar Outlook: Almost There
The US dollar rose against all the major currencies last week. It also appreciated against most of the emerging market currencies, save two from Latam (Mexico and Peru) and two from Asia (Philippines and Malaysia). The US January jobs report on February 1, coupled with disappointing European data and a less hawkish Reserve Bank of Australia, helped the dollar recover from the lower end of its recent ranges. The return of Chinese participants from the week-long Lunar New Year holiday, the data calendar and events (here) point to the risk of higher volatility. The dollar has approached the upper end of those recent ... (full story)