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Week Ahead – Fed to steer away from taper signals
It's a busy summer week, with three central bank meetings and a ton of crucial data. The spotlight will be on the Fed, which is unlikely to signal that it's considering an exit strategy from cheap money. That's the ultimate path, but it's too early. Any real dollar strength is a story for late summer. Meanwhile, policy meetings in Japan and Switzerland could confirm that those economies will be the last to raise rates again, leaving the yen and franc vulnerable as foreign interest rates start rising. It's been quiet in the forex arena lately, with the dollar pinned down by sinking US real rates and volatility being ... (full story)