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G10 FX Week Ahead: No news is bearish news for the dollar
The dollar is gently drifting to the lows of the year as investors re-allocate portfolios to recovery trades in the rest of the world. One key part of the story is that the Fed will keep rates very low well into the (hoped for) upturn and we should hear a little more on this story from Fed Chair Powell this week, who has various speeches and also appears before the Senate Banking Committee (with Mnuchin) to discuss the CARES act. We will also see the latest Beige Book ahead of the next FOMC meeting on Dec 16th. We’ll also get some fresh US macro updates in the form of the November employment report and ISM ... (full story)