Humans are naturally hardwired to avoid and detest uncertainty.
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US Dollar - Past its Prime?
Investors are selling US dollars ahead of Wednesday’s FOMC minutes. This move should not be a surprise to our readers as we talked about how the greenback is past its prime The economy is slowing and two of the most important measures for the Fed (retail sales and CPI) retreated further last week. While equity market traders were happy that another government shutdown was averted, the deal in Washington failed to have any meaningful impact on the dollar. No one expects tomorrow’s Fed minutes to help the dollar because when the central bank last met, they made it very clear that there will be no rate hikes anytime ... (full story)
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