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Currencies at a crossroad
A look at the day ahead from Dhara Ranasinghe. Just a few weeks ago, it appeared that there was little that could knock a robust dollar. Fast forward, and uncertainty over the timing of Federal Reserve tapering is providing ammunition for dollar bears. And recent days have seen the greenback undermined further as hawkish comments from a slew of European Central Bank policymakers have made investors sit up and sense signs of a shift in euro area monetary policy. Don't forget the backdrop to the barrage of hawkish ECB talk was data showing consumer inflation in the currency bloc has surged to a 10-year high - ... (full story)
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